It's going to be far worse than that.
People are already seeing 25% increases as insurance companies jump on the bandwagon to get rid of Obamacare. Once it's removed, they will hit us with at least another 50% increase within 6 months.
Then, of course, you'll have literally millions of people dropping coverage because:
- they can no longer afford it.
- they can no longer be covered because now everything they have is a pre-existing condition, so it's pointless to have insurance at all.
- they can no longer cover their children.
That of course is going to have the domino effect of cutting earnings by insurance carriers that can no longer sell their over-inflated, covers nothing policies anymore.
That will of course lead to yet another 100% increase to try to stop the bleeding.
It's not going to be 2020 to see a 100% increase. You're going to see at least a 175% increase in costs by the end of 2018 if they actually go through with it. It will be double that by 2020.