Congressional Democrats Promised ‘Affordable Health Care For America’ Image Courtesy: Forbes
(San Francisco Business Times) The California Workers Compensation Insurance Rating Bureau (WCIRB) is considering recommending a 9.5% rate increase to the California Dept of Insurance a jump over its earlier 7.6% earlier recommendation.
Remember when President Obama promised that his health care overall would “bend the cost curve and start actually reducing health care costs…”
Should the WCIRB governing committee follow the new recommendations, many California employers are likely to face steeper worker’s compensation rates come January which they will be forced to pass on to consumers or layoff employees to pay for.
How is ObamaCare in California, bending the insurance cost curve and reducing health care costs?
Related: ACA Financial Unraveling Predictable and Predicted –Mercatus
Tweet