Insurance Brokers: Premiums for 2015 Are Sky Rocketing
Insurance brokers are reporting the fastest growing premiums in decades under the ACA and analysts estimate the premium increases will not be subsiding any time soon according to Fox News. A few of the more dramatic market changes have occurred in Delaware with premiums increasing by 100 percent, California by 53 percent, Florida by 37 percent and Pennsylvania by 28 percent. Average premiums are expected to continue to grow by $400 a year by 2016. Industry leaders suggest the regulations and expanded benefits are responsible for the dramatic premium increases and forecast continued increases of 25 to 50 percent for next year alone.