Health care prices in New York City skyrocket, residents anxious for Obamacare policy to kick in ALBANY - For city residents forced to buy their own health insurance, President Obama's sweeping health care law can't take effect soon enough. Premium rates for personally funded HMOs soared last year as the number of insurers competing for business has dropped dramatically since 2004, the Daily News... [more]
Health care prices in New York City skyrocket, residents anxious for Obamacare policy to kick in
ALBANY - For city residents forced to buy their own health insurance, President Obama's sweeping health care law can't take effect soon enough.
Premium rates for personally funded HMOs soared last year as the number of insurers competing for business has dropped dramatically since 2004, the Daily News has learned.
One company, GHI HMO Select, is now charging individuals $3,319 a month. And GHI family coverage is a jaw-dropping $8,463 per month, the state Insurance Department said. Those rates are nearly 8% higher than last year's.
Managed Health Inc.'s premiums are a whopping 30% higher this May compared with last year - the biggest increase in the city.
http://www.nydailynews.com/news/politics/2011/05/31/2011-05-31_health_care_nightmare_in_city_for_those_buyin_their_own.html[less]
