The high cost of Medical bills and drugs are the primary reason. Also with the new mandates companies are being forced to change their rate structure to accommodate provisions in the law that were not available before. Health Insurance rates do not have any choice but to go up, especially when the mandates kick in in 2014 and they are forced to take on previously unacceptable risks and move to community rating instead of age based rating.
Utilization drives the cost of health care, and in turn health insurance, more than anything else.
Health insurance has changed to the point that most people expect to pay no more than $20 for medical services. This leads to over utilization, especially on routine doctor visits and prescription drugs, especially brand names.
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Health insurance has changed to the point that most people expect to pay no more than $20 for medical services. This leads to over utilization, especially on routine doctor visits and prescription drugs, especially brand names.