Florida residents are finally getting to see what so-called “Obamacare” means for them as state insurance officials plan to release rates showing how much health plans will cost under the new federal health law.
The details come one day after Florida Health Commissioner Kevin McCarty said rates will rise an average of 5 to 20 percent for small businesses and 30 to 40 percent in the individual market. He countered that increases are partly because consumers will receive more benefits, and the higher costs will be offset by federal subsidies in many cases.
He says most people will not see some of the more extremes.
Residents in many counties will be able to choose from six or seven carriers, but in some rural counties consumers will only have one option.