Premiums will go up sharply next year under President Barack Obama's
healthcare law, and many consumers will be down to just one insurer, the
administration confirmed Monday.
"Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period," said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.
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