Nancy Pelosi was correct, only now that the bill has been passed are we going to find out what is in that interventionist piece of legislation, Obamacare.
A California small businessman tells me that he switched healthcare insurance carriers in 2012. The monthly premium for him and his wife was about $400, but when he received his first bill in January of this year it was for $1,200. He hasn't been to a doctor in years, his wife has only gone for minor care.
Apparently there is some clause in the Affordable Healthcare Act that results in health insurance firms using a new method to calculate premiums. Those who have health insurance plans that have been in effect since at least 2010 are grandfathered under the old calculation method, but insurance carriers are using a new formula for new plans.
Bottom line: If you have a health insurance plan that you have been using since at least 2010, do not cancel or switch plans without first determining in detail what a new plan is going to cost you and make sure you understand if there are any escalator clauses in any new plan.