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Huge rate increases from health insurers may have helped give momentum into health -- -- -- but premium increases won't stop.
Richardson joins us with the latest on that what's this about health insurance premiums are gonna keep on going up.
That's not only -- from the president.
In many states -- they will continue to go up the president had proposed in this bill of changes to the health care bill which is now the health care law.
The B health and human services secretary would have the authority to say -- -- rate increases that something that didn't pass the procedural test and got stripped out.
And now for the most part health insurers can raise their rates now some states have function -- control from the state government where today.
State insurance commissioners can deny rate increases but there are many states out there where there is no such control so why are rates continuing to rise.
Rates will continue to rise especially insurers say first off because they've had to get rid of their.
Their practices of dropping anybody at any time in denying coverage that's something that they're forced to do it's a profitable practice -- -- can't do it anymore.
And there are fears that with such a weak mandate only 700 dollars in the next few years you don't get insurance.
There'll be folks out there who will not buy insurance they'll find it cheaper not to buy insurance and they won't have the premium.
Coming in that they hope to get to make all these changes.
And not have to raise prices up right.
You know rich I think a lot of people going to be very disappointed -- -- -- passed Health Care Reform -- a lot of people were expecting that prices would stabilize.
And now the exact opposite -- happen.
Yeah and we heard this from the Congressional Budget Office Stewart was such a mixed bag exactly what was going to happen here and remember many of the folks.
But we're ensuring the new people weren't showing here many of them.
We'll go on to Medicaid not private insurance okay we got it.
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