Three quarters of people who pay for their own insurance just faced a premium increase of 20% on average. The recent hikes have prompted the White House to say it will “sternly warn industry executives” today that insurers shouldn’t try to use the new health care law as an excuse to gouge customers.
This is the future. Political and legal bickering between the feds and the insurance companies over the federally-mandated purchase of private, for-profit insurance. Who is going to win? Well, who do you think? Who’s winning the White House vs. BP?