Nolan Rathe is a young entrepreneur in Lincoln who was recently notified by Blue Cross and Blue Shield that his monthly Health Insurance Premium of $40 would skyrocket to $240.
"I was pretty surprised to see the increase, 600 percent was a little bit more than I would have anticipated," said Rathe.
While those increased insurance rates would cut into his profits, Rathe worries about the impact it will have on small businesses and those just setting up shop.
"Fortunately it's been good enough that I've been able to cover my cost, but it's going to be other folks who are in situations, entrepreneurs that are trying to get to the next level that this sort of thing is going to stop them," said Rathe.
For others who get their health insurance through the company they work for, their concern is that their premiums will go up.
"It's already not the best deal, as it is, so that would upset me if it increased," said Lincoln Resident Zach Yager.
So for now, Rathe is back to shopping for health insurance that will fit his budget and despite the big hike in his current premium, he still has an optimistic attitude.
"The American People are resilient, we will be able to handle whatever is thrown at us. I believe that it just needs to be clearer," said Rathe.