"Death Spiral": Obamacare Premiums May Soar As Much As 91% Next Year | WHAT REALLY HAPPENED

"Death Spiral": Obamacare Premiums May Soar As Much As 91% Next Year

The largest hikes are being sought by CareFirst, which is seeking a 64% increase in Virginia, and a whopping 91% increase in Maryland for its PPO. Other insurers are following suit in the two states, with Kaiser requesting hikes of 32% and 37% respectively, followed by CareFirst's HMO offering.

In Maryland, CareFirst wants to raise rates by 91 percent on a plan covering 15,000 people, Insurance Commissioner Al Redmer Jr. said. If approved, premiums for a 40-year-old could reach $1,334 a month. -Bloomberg

That's over $16,000 per year for an individual plan in a state with an average personal income of $59,524.

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