CNBC is reporting that health insurance premiums for many people will be exploding over the next few months exacerbating an already troubling inflation issue.
“The default is that the expanded subsidies will expire at the end of this year,” said Cynthia Cox, a vice president at the Kaiser Family Foundation and director of its Affordable Care Act program. “On average, premiums would go up more than 50%, but for some it will be more.”
CNBC.com
In case you missed it, inflation is at all time highs in the some of the top trading partners for the U.S. including Mexico, Canada, and the UK.
There will likely be more central bank rate hikes at the next FOMC meeting on July 27 and we expect more stock market mayhem but we’ll need to wait and see.
In the meantime, stay tuned and stay solvent…