Recent headlines announced that three of the five largest insurance companies in America – United Healthcare, Aetna, and Humana—are dropping out of the Federal and State Exchanges. Why? They are losing lots of money. The companies remaining in the exchanges are asking and getting state approval for large premium increases as large as 60%, averaging 23% nationwide.
In this editorial Bob Hopper, PhD discusses why insurance premiums continue to climb, why insurance plans are so expensive for young people and his solutions to make insurance more affordable for everyone.
How to start fixing Obamacare – Published in the Santa Barbara News-Press, October 9, 2016
