Thank goodness for the "Affordable" Healthcare Act!
Yeah...prices have absolutely skyrocketed ever since Barack Obama and the Dumbocrats unconstitutionally stuck their nose into the healthcare industry. Now Maryland could see 150% increases just this year alone.
Health Insurers in Maryland Request Premium Rate Hikes as High as 150%
Man that is more than outrageous. Even the average is outrageous. I would say cigna requesting 150% they probably be happy with 80% in which case no one is going to approve and this is their exit.
And they'll get most of what they ask for. This ought to give you some pause to consider: What is harder, lobbying government for a bump in their rates, knowing that your customers can't refuse to buy, or selling overpriced insurance to people who can't afford it. The insurance industry wrote ACA.
They did help somewhat, it was the insurance companies that demanded the individual mandate. Actually I believe that the CEO of Cigna at that time had a lot of input if I remember right.
Google LIz Fowler.