Big Insurers Extend Popular Provisions Ahead of Supreme Court Ruling

The Supreme Court has agreed to review two cases involving the Affordable Care Act's contraceptive mandate, setting up a high-profile showdown next year. 

Consumers are about to find out that the Affordable Care Act, widely known as Obamacare is not exactly affordable. The Wall Street Journal says Health-Insurance Sticker Shock is just around the corner. Health-insurance premiums have been rising—and consumers will experience another series of price shocks later this year when some see their premiums skyrocket thanks to the Affordable Care Act, aka ObamaCare.

WASHINGTON (AP) — A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul. What does that mean for you? It could increase premiums for at least some Americans.

By Qineqt:The U.S. Supreme Court ruling came as welcome news for some, and not quite so for others. In layman terms, according to the Supreme Court, "Obamacare" did not violate the constitution by legislating that people buy healthcare insurance, or else pay a penalty. Starting in 2016, this penalty will be up to $695 or 2.5 percent of income, whichever is greater.

Hundreds of thousands of Americans are having their health insurance cancelled — contradicting President Barack Obama’s repeated pledge that people who like their coverage can keep it. The notices started to arrive in recent weeks, compounding the political headaches for the White House from the troubled start of its health exchange, the federal website created to give millions of people access to new plans by January 1.