Monday, March 29, 2010

Aetna CEO says Health premiums will go up, coverage will change under Obamacare

Ron Williams, the chairman and CEO of Aetna Insurance, which covers more than 36 million Americans:

Will insurance premiums go up?

The answer is yes, and some of the things that will drive those premiums are significant additional taxes the industry will ultimately have to pay in the first year.

The President said that this bill would not have any impact on people who already had coverage, that it was about the uninsured, that there would be no change.

Will this legislation change the coverage of people who are already paying for it?

My perception is, yes, things will change. You might not have a plan that includes the exact same doctors. You might have plans that have richer benefits, and therefore you're going to pay more for benefits you may or may not want. It would have been a better message to say, we're going to make certain you maintain your eligibility.
Finish reading at the Washington Examiner:

UPDATE!!Insurance companies say that they do not have to cover pre existing conditions for children until 2014... it seems Obama didn't read the Bill either.

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