Some Obamacare Insurers ask for Huge rate increases…Some don’t…

The headlines are gonna scream about healthcare insures that ask for 50% increases …..

There will also be insrers who as for 5 times less….

The companies have a few years under their belt and while they are happy to insure people….

The idea that young and healthy people may not even opt for insurance , while older and less healthy people WILL….Seems to what’s happening  in America….

The rate increases go to local and state insurance regulators…..

Some are approving only small increases….But some like Oregon…Have approved larger increases….

The rate increases are sure to anger consumers, some who will be covered by the subsidies, the Supreme court just approved….

But some may not be able to afford their current plans and should shop for cheaper plans…..

Of course One can expect the foes of the new healthcare coverage to be out in force, whining ……

Health insurance companies around the country are seeking rate increases of 20 to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.

Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government and state insurance commissioners and interviews with insurance executives.

The Oregon insurance commissioner, Laura Cali, has just approved 2016 rate increases for companies that cover more than 220,000 people. Moda Health Plan, which has the largest enrollment in the state, received a 25 percent increase, and the second-largest plan, LifeWise, received a 33 percent increase.

Jesse Ellis O’Brien, a health advocate at the Oregon State Public Interest Research Group, said: “Rate increases will be bigger in 2016 than they have been for years and years and will have a profound effect on consumers here. Some may start wondering if insurance is affordable or if it’s worth the money.”

President Barack Obama, on a trip to Tennessee this week, said consumers should put pressure on state insurance regulators to scrutinize the proposed rate increases. If commissioners do their job and actively review rates, he said, “my expectation is that they’ll come in significantly lower than what’s being requested.”

More….

Share on Facebook

3 thoughts on “Some Obamacare Insurers ask for Huge rate increases…Some don’t…”

  1. Another reason we should have a National Health Insurance plan.

    Obamacare is better than nothing,but as long as healthcare is predicated upon a profit driven model,these things will keep happening.

  2. I actually support that we ultimately have a single payer system. With that said, I do think that part of the reason for the variance in pricing is that insurance carriers don’t yet know how to price insurance under Obamacare. There are still many uncertainties.

  3. Before you believe all that Obamacare ‘rate shock’ stuff, remember 2014

    It’s 2014 all over again. Remember how Republicans and conservative media (and the Kochs were all about how Obamacare was going to send premium rates soaring in 2015? And remember how that didn’t happen? Well, as Sarah Kliff explains, they’re back at it, and while it’s too soon to say definitively, they’ll probably be wrong again.

    More @ http://www.dailykos.com/story/2015/07/18/1402818/-Before-you-believe-all-that-Obamacare-rate-shock-stuff-remember-2014

Comments are closed.