Rate hikes have to be approved by the state insurance commissioner in most states. (this was even before ACA) Usually, when they file double-digit increases like this, they get smacked down extremely hard.
Do you really think that inflation is the culprit for PB's monthly premium more than doubling when inflation has been 1.64%/yr (annualized thru 3/31; cumulatively 8.49% for the 5yr period)
Do you really think that inflation is the culprit for PB's monthly premium more than doubling when inflation has been 1.64%/yr (annualized thru 3/31; cumulatively 8.49% for the 5yr period)