Of course insurance companies in Utah have to raise rates to cover for that, or else they would simply go out of business. The insurance companies would lower their rates as much as they could to remain profitable, and still be competitive. It’s simple economics. This is just one example of how Utah insurers can justify raising their rates as they have. There are more.

The fact is that healthcare reform is going to raise costs. No doubt about it. You can’t add millions of people with health conditions and expected claims to a healthcare system (as will be done in 2014) and expect rates to go down or stay the same.

Jared B.
Utah Health Insurance Agent
http://www.utahinsurance.org