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June 3, 2015 5:50 pm

Insurance Rates Increase Dramatically After First Year of Obama Health Program

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President Barack Obama. Photo: Official White House Photo by Pete Souza.

President Barack Obama. Photo: Official White House Photo by Pete Souza.

AP – Dozens of health insurers say higher-than-expected care costs and other expenses blindsided them this year, and they’re going to have to hike premiums for individual policies well-beyond 10 percent for 2016.

The proposed double-digit hikes would apply to plans sold on the health insurance exchanges created under President Barack Obama’s law, as well as individual coverage sold through brokers and agents.

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