Why is my insurance agent telling us their health care premiums are going up by 15% per year from now on?

[Kiran C]

First, President Obama did not said that but he did say to expect the premiums to be lower once the exchanges are up. They are not up. Also, actuaries have reviewed the new insurance regulations to see how much cost are to increase. That number is not a 15% per year. Most likely, the insurance is gouging you before the medical loss ratios are in effect. Once Medical Loss rates are in effect, if the insurance companies spends less than 80% of the premiums collected from you on health care you will get a refund.