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ACA: Why Do Premiums Keep Going Up?

From the Show: Health Radio
Summary: Why isn't the Affordable Care Act producing the lower, affordable premiums which were promised?
Air Date: 10/23/15
Duration: 10
Host: Melanie Cole, MS
Guest Bio: Marianne Eterno, President of Government Relations for GTL
Marianne EternoMarianne Eterno began her insurance career in 1987 at the former Golden Rule Insurance Company in Indianapolis, Indiana, and moved to Chicago in 1992, when she accepted a position with Celtic Insurance Company.

Marianne came to Guarantee Trust Life Insurance Company (GTL) in 1996, as a compliance and government relations consultant, and formally joined the company in 1997. As Assistant Vice President of Government Relations, she represents GTL in both the state and federal arenas, drives coalition development for the company, and serves as the company's media and public relations spokesperson.

In addition to sitting on committees for every major insurance trade association, Marianne serves on the Board of Directors of RetireSafe, a 400,000 member grassroots advocacy organization for senior citizens and as the Executive Director for the Council for Affordable Health Insurance.
ACA: Why Do Premiums Keep Going Up?
Since it took effect in 2010, the healthcare reform law, otherwise known as the Affordable Care Act (ACA) or "Obamacare," has made drastic changes to healthcare.

In 2015, changes are still being made to ACA to better address the confusion and loop-holes of today's healthcare... even though everyone might be paying more this year, and premiums might continue to skyrocket.

According to PricewaterhouseCoopers, the average increase for Obamacare for 2015 will be 8.2 percent in 29 states and the District of Columbia.

Why do premiums keep going up?

Marianne Eterno, VP of Government Relations for GTL, discusses the ACA and premiums.