Why Are Health Insurance Costs Rising?

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   That is a great question. While premiums rose nearly 80% from 2003 to 2012, they only rose a modest 4% last year. While the Affordable Care Act ( Obamacare) did a nice job of reining in costs, and penalizing insurers who were wasteful, there were some inevitable shifting of services, and costs, and without knowing what exactly you are referring to, it's hard to say. It seems like everything goes up in price from year to year, I suppose medical costs should be expected to also. Wish I had a better answer for you, but thanks for asking!

   Answered on June 11, 2014

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