What does the Supreme Court ruling on health insurance mean to you? The bottom line…you will pay more for health insurance. The new law takes effect over time but 5 years from now everyone will being paying a lot more for health insurance. Why? There are 3 major factors which are:
- Insurance companies can no longer limit a life time or annual benefit.
- Insurance companies have to cover dependents until age 26.
- Insurance companies can not denied someone for pre-existing conditions.
The 3 major changes are going to drastically increase the cost of health care and insurance companies are going to pass this increase directly to the customer in the form of higher premiums. Regardless of your policitical affliation, expect to pay a lot more for health insurance in the near future.
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