Don’t live in Maryland if you want to have health insurance; CareFirst Blue Cross Blue Shield, one of the largest insurers in the area, has requested a 58.8% increase in premiums for next year in that state. It’s almost as bad in Virginia, where the company wants a 35% increase.
According to The Washington Post, Chet Burrell, chief executive of CareFirst, acknowledged what has long been predicted, that Obamacare is in a death spiral as healthy clients opt out of insurance leaving insurance companies holding the bag for a greater number of unhealthy clients. He told the Post:
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