Those 3000% rate decreases keep on comin':
"The Cuomo administration on Friday announced that health insurance rates on the individual market would increase by a weighted average of 16.6 percent ... Rates in the small group market will increase by a weighted average of 8.3 percent"
That individual plan hike, by the way, represents "the largest individual market hike since the [Un]Affordable Care Act began"
It's what happens when regulators try to impose caps on rates for years on end, until (eventually) the lid comes off.
It's simple physics, really.
"The Cuomo administration on Friday announced that health insurance rates on the individual market would increase by a weighted average of 16.6 percent ... Rates in the small group market will increase by a weighted average of 8.3 percent"
That individual plan hike, by the way, represents "the largest individual market hike since the [Un]Affordable Care Act began"
It's what happens when regulators try to impose caps on rates for years on end, until (eventually) the lid comes off.
It's simple physics, really.
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