Quote:
|
ins cos are being forced to expand coverage, they have to raise rates to stay ahead of the upcoming cost they..
|
Or, insurance companies are not forced to expand coverage, as much as the bill will hand them 30 million new people that have to buy insurance from them and will pay them for it.
There is a provision in the PPACA that insurance companies in the future will have to spend 80% of their income on clients (not profits) so they are simply trying to price gouge as much as they can, now, before they are prohibited from doing it any more.
It's pretty funny, because this bill has been accused, by the left, of being better for the insurance companies than people.