ICYMI: REP. BERA HOLDS PRESS CONFERENCE DEMANDING ACTION TO PROTECT AFFORDABLE HEALTH CARE AND REOPEN THE FEDERAL GOVERNMENT
States News Service
The following information was released by the office of California Rep. Ami Bera:
Covered California's renewal period begins in just a few days on October 15, and Californians are already receiving notices warning that their monthly premiums will skyrocket if Congress fails to act by the end of the year.
For example, a 60-year-old couple in Sacramento County earning $82,800 a year would see their annual health insurance premiumsincrease by 628% a staggering $23,568 more out of pocket.Without congressional action, families like these across the country will face an impossible choice: take on an unsustainable financial burden or go without coverage altogether.
"At a time when so many Sacramento County families are struggling to pay their rent, mortgage, or put food on the table, to then get hit with the double whammy of these increases makes no sense,"said Bera.
Bera emphasized that the ongoing government shutdown is already hurting everyday Americans from families planning visits to national parks, to troops and federal workers on the verge of missing a paycheck, to local students whose school trips to Washington, D.C. have been disrupted.
"Speaker Johnson, let's get back to the negotiating table. Let's reopen the government. Let's make sure our troops get their pay and salary increases. And let's get the government working again,"Bera added.
The theater of open enrollment Neal K. Shah: Open enrollment is health care's most expensive lie
AGING MATTERS: Medicare annual enrollment sessions
Advisor News
- Global economy ‘resilient’ in the wake of massive disruption
- Cryptocurrency legislation takes one step forward with bipartisan support
- IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
- The hidden flaw in insurance AI adoption for advisors and carriers
- Rising healthcare costs impact 401(k) accounts
More Advisor NewsAnnuity News
- MetLife Expands Guaranteed Retirement Income Offering with Innovative Flexible Annuity Option
- How annuities can help protect retirees from financial scams
- MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- AuguStar Retirement launches StarStream Variable Annuity
More Annuity NewsHealth/Employee Benefits News
- Reed: Can these assets be saved?
- Virginia program cuts costs of health insurance under Obamacare
- Retirement, health insurance costs to put pressure on future Baker City budgets
- The United States may be the best place to build universal health care (Opinion)
- PacificSource cuts 97 Oregon jobs amid retreat from health insurance markets
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Halyk-Life, JSC
- AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
- AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company
- Nationwide reaches reinsurance agreement with MassMutual on UL policy block
- Best’s Market Segment Report: AM Best Maintains Outlook on Philippines’ Non-Life Insurance Segment at Stable
More Life Insurance News