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Today in Labor History
Sept. 1, 1894: Congress declares Labor Day a national holiday.
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Updated: Sep. 02 (00:43)

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Health Insurers Threaten to Increase Premiums, Even as Profits Soar
Posted On: Mar 26, 2013

Mar. 25, 2013 | HEALTH CARE | Some of the nations largest health insurance companies are warning investors that they'll raise insurance premiums by as much as 116% next year, as the coverage expansion provisions in the Affordable Care Act go into effect and millions of uninsured Americans begin purchasing coverage. The threats of premium increases come as the industry is experiencing record profits are are part of the well-coordinated publicity campaign to alarm Americans about the cost of coverage, while downplaying mechanisms in the law that will cushion them from rate shock…Insurers have long complained that the law's more rigorous standards would raise prices, although since the [ACA] was signed into law, national health expenditures have decreased…Continue reading at Think Progress


 
 
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