Health insurance premiums for 2016 will increase an average of 7.5%, according to an Oct. 26 report released by the Department of Health and Human Services. This is in a market where inflation and interest rates are close to zero. It is no secret that the cost of health care is one of the biggest issues impacting the U.S. economy in the coming decade.
With a $19 trillion deficit, the cost of health care is a problem that is waiting for — and desperately needing — a solution. And if solutions don’t come then the solutions may be imposed on the industry, as we have seen with Obamacare. Hillary Clinton, if elected, would certainly try to finish the job. Recently, she included health insurance companies and pharmaceutical companies on her short list of enemies, along with the NRA and Republicans.
