Tuesday, May 14, 2013

Huge Insurance Premiuum Increases for Men Under 36, Because of Obamacare

CNN reports:
Currently insurers can charge premiums based on gender. Men usually pay less than women, since they typically visit the doctor less frequently. The Affordable Care Act, however, doesn't allow insurers to charge different rates to men and women. Taken together, men ages 25 to 36 could see rate increases greater than 50%, according to Milliman's O'Connor, but women of the same age will only see their premiums creep up 4%. Meanwhile, men age 60 to 64 could see their premiums drop by 12%.

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