The news keeps getting better (he says sarcastically) about your financial situation if you live in the Commonwealth of Massachusetts. As if taxes, utilities, housing, food, and gas weren’t enough of a financial burden, health insurance premiums are about to launch deeper into the stratosphere.
State residents already have among the highest monthly bill debt loads in the nation.
“Nearly 700,000 Bay Staters are facing the prospect of double-digit premium increases next year as insurers struggle to handle cost pressures across the healthcare landscape, possibly exacerbating affordability woes for patients,” reported State House News Service.
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“Insurers in the merged market, where many individuals and small businesses get coverage, have proposed an average rate hike of 12.9 percent,” according to information posted to the Massachusetts Division of Insurance (DOI) website…