Some States’ Big Premium Hikes May Be Talking Point During Enrollment Season, Campaigns
The Wall Street Journal reports that some insurers are winning approval by state regulators of hefty increases in health insurance premiums. Meanwhile, Florida news outlets report on what the numbers look like in that state.
The Wall Street Journal:
Insurers Win Big Health-Rate Increases
At a July town hall in Nashville, Tenn., President Barack Obama played down fears of a spike in health insurance premiums in his signature health law’s third year. “My expectation is that they’ll come in significantly lower than what’s being requested,” he said, saying Tennesseans had to work to ensure the state’s insurance commissioner “does their job in not just passively reviewing the rates, but really asking, ‘OK, what is it that you are looking for here? Why would you need very high premiums?’” That commissioner, Julie Mix McPeak, answered on Friday by greenlighting the full 36.3% increase sought by the biggest health plan in the state, BlueCross BlueShield of Tennessee. (Radnofsky and Armour, 8/26)
The Miami Herald:
Obamacare Health Insurance Premiums To Rise 9.5 Percent For 2016, State Regulator Reports
Health insurance premiums for Floridians who buy their own plans will rise 9.5 percent on average for 2016, though some consumers will pay less for their coverage than they did this year, state insurance regulators reported Wednesday. A total of 19 health insurance companies submitted rate filings to Florida’s Office of Insurance Regulation, which this year regained the authority to deny rate increases for health plans sold on the Affordable Care Act’s insurance exchange at HealthCare.gov. Average rate changes for 2016 plans sold on the ACA exchange will range from a decrease of nearly 10 percent for some plans, to an increase of as much as 16 percent for others. (Chang, 8/27)
Tampa Bay Times:
Premiums For Obamacare To Rise 9.5 Percent Overall In Florida
Floridians who purchase individual health insurance plans under Obamacare will see their premiums rise by an average of 9.5 percent next year, the state Office of Insurance Regulation said Wednesday. That's about $36 per month or $432 per year. The average rate change varies widely by insurance company. Four insurers offering plans on Florida's federally run Affordable Care Act insurance exchange will have average increases in the double digits: Aetna (13.9 percent), Humana (16.3 percent), Preferred Medical Plan (14 percent) and UnitedHealthcare (16.4 percent). But some consumers will end up paying less for health insurance than they did in 2015. Celtic Insurance Co., Health Options, Florida Health Care Plan, and Molina Health Care are set to decrease their rates. (McGrory, 8/26)