Obamacare ‘rate shock’ strikes Ohio with 88% insurance walks

The Ohio Department of Insurance predicts rates in 2014 will increase by 88%, due to of Affordable Care Act and President Obama’s Patient Protection. 

The typical cost of insurance costs will stand about $420, “representing a rise of 88 percent” when compared with 2013, the division noted, Forbes said. 

State officials aren’t amazed. They’ve informed concerning the “rate shock” because the beginning of Obamacare, Forbes noted. 

The Department of Insurance still needs to accept the proposed price hike, Forbes said.