Didn’t expect to do another Obamacare post so fast, but I just found out my car insurance went up. I’m with a very major insurance company, and in the many, many years I’ve been with them, they aren’t the type to raise rates arbitrarily. I called up and asked why my rates went up about $50.
The answer I got was that in my state, the company has assessed the new costs of Obamacare and started raising rates to compensate for those increased costs that Obamacare is causing. The increased health care costs as a result of Obamacare are now raising car insurance rates because those same car insurance companies also end up paying medical bills for those injured in car accidents.
So watch your statements, call and ask.
Somewhere in that red tape tower, your rates just went up. Broken windows.