This, shocking, news article declares that companies have seen a spike in health insurance of an unprecedented 9% when in 2010 the rise in insurance premiums for employers was a mere 3%.
I'm wondering if anyone remembers 2009 when insurance rates jumped 27%, 3x the rate of inflation?
Or who remembers what happened in 2010 that caused fear to ripple through the insurance industry keeping the cost increase contained at 3%?
That was health care legislation, or the Affordable Care Act, that capped yearly insurance premium increases at a maximum of 9%. This years spike is actually health insurance companies' taking every penny they can get.