Re: The PPACA Thread Part III - Let's have a healthy debate!
Double-digit premium increases in the pipeline for many states for 2016....claims are coming in at a "higher-than-expected" rate, because "more than expected" people with adverse health conditions enrolled relative to healthy ones.
Gee, what a surprise.
and from the accompanying graph, NC, MD, RI, NY, VA all over 10% higher as well, only 7 states below 10% (the rest of the states have not yet announced 2016 rates). That's 11 out of 18 so far.
Double-digit premium increases in the pipeline for many states for 2016....claims are coming in at a "higher-than-expected" rate, because "more than expected" people with adverse health conditions enrolled relative to healthy ones.
[The Tennessee insurance] commissioner ... on Friday [approved] the full 36.3% increase sought by the biggest health plan in the state, BlueCross BlueShield of Tennessee. She said the insurer demonstrated the hefty increase for 2016 was needed to cover higher-than-expected claims from sick people who signed up for individual policies in the first two years of the Affordable Care Act.
Several regulators around the country agree with her, and have approved all or most of the big premium increases sought by the largest health plans in their states for the new sign-up season that begins Nov. 1.
Gee, what a surprise.
Kentucky ... 25.1% increase .... Oregon ... an average 25.6% increase .... Ohio ... a 14.5% increase .... Michigan ... average 11.4% increase .... Idaho ... an average 23% increase
and from the accompanying graph, NC, MD, RI, NY, VA all over 10% higher as well, only 7 states below 10% (the rest of the states have not yet announced 2016 rates). That's 11 out of 18 so far.
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