POSTED: Tuesday, October 22, 2013 - 9:37pm
UPDATED: Tuesday, October 29, 2013 - 9:46am
Tyler TX (KETK) — The Affordable Care Act is supposed to be, affordable.
But, businesses and people are seeing a spike in their premiums.
Kris Morgan owns a land surveying company in Rusk.
His company, Affiliated Surveyors, offers group health insurance to all employees.
His insurance representative suggested he move his renewal date from September to December.
Because since the Affordable Care Act went into effect, his compliant plan, will increase from $1,100 a month for his employees to about $1,990 a month.
"I don't know how this thing is supposed to be much more affordable," said Morgan.
"That's less money in their pocket. and they did nothing. They did nothing wrong, they didn't do nothing right, we did nothing and it's going to go up," said Morgan.
Morgan said he does not know why their premium is going up.
"Why are my rates going up. No one can give me a straight answer."
And his providers can't give him a straight answer either.
"This isn't even based on accidents or incidents or the fact that we have people that got sick its based on what they perceive to be coming versus how are group is actually acting.
Morgan said it's insane.
"It's very frustrating and it keeps you in a state of flux."
And now to afford the premium, he's forced to make some adjustments in his business.
"There are a whole lot of other fixed costs and variable cost that go into running my day above and behind health insurance."
It's the same for Robert Slone.
He has been in the hospital for five weeks, due to an infection from knee replacement surgery.
His premium only went up $50.
But, Slone says that's $600 extra a year, and it's going to add up.
"I don't like the idea of it costing me that much more a year but what can I do," said Slone.