How Does The Federal Health Law Affect Insurance Price Hikes?

June 18, 2014 10:36 AM

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How Does The Federal Health Law Affect Insurance Price Hikes?

Buying health insurance, even on the exchanges created by the health law, can be an expensive proposition. And some consumers are already wondering how much coverage will cost next year. That led to a recent question about the rules that apply to insurance premiums.

I understood that under the health law, premiums for individuals could not increase by double digits, that rate increases were capped at under 10 percent unless approved by the government. Isn't that right?

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