Beating Broke

Personal Finance from the Broke Perspective

  • Home
  • Get Updates
  • About
  • Contact
  • Privacy Policy

Powered by Genesis

Will Health Insurance Rates Rise Now?

March 23, 2010 By Shane Ede 10 Comments

I’m not an expert on health care, health insurance, and certainly not on the way that government works.  But, I like to think that I have some modicum of common sense.  So, it’s with great trepidation that I see this health care bill.

My biggest concern is the cost of health insurance.  My company covers a significant portion of our health insurance, but if rates rise, they very well could pass that expense on to us.  If that happened, I don’t know if we could afford it.

Many people are lauding this bill and saying how great it is that people can’t be denied because of pre-existing conditions and that there is no more cap on payouts.  Yes and no.  Yes, I think there should be something available to even those with pre-existing conditions.  But there already was!  Now, the insurance agencies are going to be forced to cover them just the same as their low risk customers.  I don’t have any solid numbers, but my math says that will make my rates go up.

Does anyone else understand any of that differently?

Filed Under: Insurance Tagged With: hcr, health, health care, insurance premium

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.

1,true,6,Contact Email,21,false,1,First Name,21,false,1,Last Name,2



  • Facebook
  • Pinterest
  • RSS
  • Twitter

Beating Broke Recommends

  • Acorns – Invest Spare Change
  • Capital One 360
  • Republic Wireless

Follow Beating Broke on…

Follow @BeatingBroke

Improve Your Credit Score

Money Blogs

  • Bible Money Matters
  • Celebrating Financial Freedom
  • Christian PF
  • Consumerism Commentary
  • Dual Income No Kids
  • Gajizmo.com
  • Lazy Man and Money
  • Make Money Your Way
  • Money Talks News
  • My Personal Finance Journey
  • Personal Profitability
  • Reach Financial Independence
  • So Over Debt
  • The Savvy Scot
  • Yakezie Group
  • Yes, I am Cheap

Disclaimer

Please note that Beating Broke has financial relationships with some of the merchants mentioned here. Beating Broke may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.