Significant premium hikes expected under Obama health law

WASHINGTON (AP) — Insurers will seek significant premium hikes under President Barack Obama’s health care law this summer – stiff medicine for consumers and voters ahead of the national political conventions.
Expect the state-by-state premium requests to reflect what insurers see as the bottom line: The health law has been a financial drain for many companies. They’re setting the stage for 2017 hikes that could reach well into the double digits, in some cases.
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