Lost in the discussion of higher premiums and deductibles is the likely economic impact in the first quarter of 2014.
If people have to pay more for their insurance, they have less for other things.
Fewer luxuries.
Cutting back on current expenses.
Reduction in their savings.
That extra $200 or $300 a month has to come out of somewhere.
Early in the year, insurance companies will be getting that money - and not paying it out until deductibles are met.
If you have medical visits early in the year, there's more money to cover that also.
If the economy has been limping along in 2013, that doesn't bode well for 2014.
People like their personal budgets, but won't be able to keep them.
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