Wednesday, December 26, 2012

Aetna CEO: Obamacare could double health care premiums

Mark Bertolini, the CEO of Aetna health insurance company, told investors at the company’s annual investor conference earlier this month that health insurance premiums could double in price as a result of Obamacare implementation, Forbes reported last week.

“In some markets", increases in premiums could “go as high as 100 percent", Bertolini said.

"And we’ve done all that math," he added. "We’ve shared it with all the regulators. We’ve shared it with all the people in Washington that need to see it. And I think it’s a big concern.”

In an interview with CNBC on Wednesday, Bertolini stated once again that insurance premiums, in some places, will increase by as much as 100 percent as a result of Obamacare.

Bertolini added that, "If we're going to insure all Americans, which is a worthy and appropriate cause, then somebody has to pay for it."

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