Tuesday, April 26, 2016

Lady who ran Obamacare cautions of BIG insurance costs hikes

Marilyn Tavenner's crystal ball did not foresee the initial epic flop of HealthCare.gov when she actually ran the agency in charge of the website. Now, as an insurance lobbyist, she observes big jumps in Obamacare insurance premiums next year.


"I have been asked, what are the premiums going to look like? I do not know, because it also varies by state, market, or even within markets," Tavenner told the MorningConsult.com in an interview.


"But I consider the overall trend is going to be greater than we saw in previous years. That is my big prediction," stated Tavenner, who is now president and CEO of America's Health Insurance Plans, the industry's lobbying group.


Tavenner's warning of sharp hikes in insurance costs comes as insurers prepare to propose their 2017 Obamacare plan rates, and as the major insurer UnitedHealth has revealed it is exiting most Obamacare marketplaces where it has sold policies.

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