Keyword: obamacarepremiums

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  • Massive ObamaCare Rate Hikes Are A Good Thing, White House Says

    08/27/2016 11:21:25 AM PDT · by PROCON · 51 replies
    investors.com ^ | Aug. 26, 2016
    Health Reform: This week Illinois' insurance regulator said ObamaCare premiums in the state will jump as high as 55%. The Obama administration's response to this and other news of massive rate hikes: Don't worry. Be happy. Anyone shopping for ObamaCare coverage in Illinois this fall is in for a big shock. The average increase for cheap Bronze plans is likely 44%. It's 45% for the lowest-cost Silver plan, and 55% for the cheapest Gold plan.
  • Dear John: ObamaCare’s Unaffordable Prices Make No Sense

    08/26/2016 12:52:42 PM PDT · by nickcarraway · 17 replies
    New York Post ^ | August 20, 2016 | JOHN CRUDELE
    Dear John: I make approximately $25,000 a year before taxes and I make another $10,000 from rental income. My mortgage is $2,100 a month. I got ObamaCare coverage last year, and I paid approximately $230 a month with some subsidies from New York state.
  • GHP seeks 41 percent rate hike (Geisinger Health Plan, very big in PA)

    08/22/2016 11:33:39 AM PDT · by jiggyboy · 8 replies
    The Daily Item ^ | August 22, 2016 | Rick Dandes
    If you rely on health insurance provided by companies aligned with the Affordable Care Act marketplace in Pennsylvania, prepare yourself for sticker shock when it’s time to pay those premiums in the fall. Valley residents enrolled in the ACA marketplace can choose from programs offered by Capital Advantage, Geisinger, Highmark, UPMC Health Options, Geisinger Health Plan, Geisinger Quality Options, and Keystone Health Plan Central. All are proposing significant rate increases for monthly premiums in 2017.
  • Obamacare Critic: 'Premiums Are Going Up, Up, Up'

    08/18/2016 9:17:57 PM PDT · by Olog-hai · 15 replies
    Cybercast News Service ^ | August 18, 2016 | 4:48 AM EDT | Susan Jones
    When Obamacare’s fourth open enrollment period begins on November 1, many customers will face fewer insurance options and much higher prices. “Only the sick people sign up. And that’s why the premiums are going up, up, up,” said Obamacare critic Betsy McCaughey, who is the former Lt. Gov. of New York. Premiums will go up by double digits, she predicted — “20 percent for the biggest plans in New York, 40 percent in Tennessee, and somewhere in between around the country.” …
  • At Least Six Swing States Face Double-Digit Premium Hikes under Obamacare

    08/16/2016 9:47:25 PM PDT · by HokieMom · 23 replies
    Breitbart ^ | 16 August 2016 | Alex Swoyer
    Double-digit Obamacare premium hikes projected in 2017 may bode in Donald Trump’s favor, as several swing states are being impacted by double-digit increases under the law and consumers are expected to see the hikes around Nov. 1 — one week before heading to the polls. Trump has promised to repeal and replace Obamacare, but Hillary Clinton has vowed to make the Obamacare exchanges work. Some say the way she would do that is through raising taxes.
  • Health Insurers Use Process Intended to Curb Rate Increases to Justify Them

    08/15/2016 3:47:10 AM PDT · by reaganaut1 · 10 replies
    New York Times ^ | August 14, 2016 | Robert Pear
    After the Affordable Care Act took effect in 2010, it created a review mechanism intended to prevent exorbitant increases in health insurance rates by shaming companies that sought them. But this summer, insurers are turning that process on its head, using it to highlight the reasons they are losing money under the health care law and their case for raising premiums in 2017. That has ignited an election-year fight between insurers and consumers, who are complaining bitterly about the double-digit increases being sought across the country. The conflicts have been on vivid display at hearings in states like Pennsylvania, where...
  • ObamaCare crashing: Insurers seek massive rate hikes . . . if they’re staying in at all

    08/11/2016 9:36:45 AM PDT · by Sean_Anthony · 41 replies
    Canada Free Press ^ | 08/11/16 | Dan Calabrese
    Gigantic losses put exchanges on the brink, send program careening into chaos Remember when everyone watching ObamaCare was focused on how many people had signed up? First they needed 7 million, then 11 million, and on it went as new targets replaced the old. These weren’t meaningless - at least it didn’t appear that way. The targets represented the critical mass the Obama Administration itself said the program needed to be economically sustainable. Insurance, they told us, is about risk pools. If you’ve got enough people in the risk pool, you’d have enough premiums being paid in to cover those...
  • Illinois insurers seek premium hikes of up to 45 percent

    08/03/2016 9:39:32 AM PDT · by Brad from Tennessee · 26 replies
    Chicago Tribune ^ | August 2, 2016 | Associated Press
    CHICAGO--Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act's marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public Monday. The leading insurer on Illinois' exchange, Blue Cross Blue Shield, is proposing increases for 2017 ranging from 23 percent to 45 percent for individual health care plans, according to proposals posted by Heathcare.gov. Another insurer, Coventry Health Care of Illinois, proposed rate increases as high as 21 percent. Harken Health Insurance Company has proposed a nearly 29 percent hike in individual premiums and Health Alliance Medical Plans...
  • Long-Term Health Care Premium More Than Doubled

    07/30/2016 1:48:03 PM PDT · by American Quilter · 29 replies
    30 Jul 2016 | American Quilter
    I've just been notified by my long-term health care insurance program that they're increasing my monthly premium from $198 to $441 beginning in November due to "the severity of certain medical conditions, expected lifespans, returns on investment, and overall program expenses." The insurer is John Hancock Life & Health Insurance Company. I'll have to pay the full premium increase in order to keep my annual 5% benefit increase. Or I can pay "only" $318 per month and drop to a 3.9% annual benefit increase. Or I can retain the current premium and drop to a 2% annual benefit increase.
  • Rate hikes show rising health costs and Obamacare’s flaws

    07/26/2016 6:02:07 AM PDT · by artichokegrower · 5 replies
    Sacramento Bee ^ | July 25, 2016 | Daniel Weintraub
    The big rate increases announced last week for health insurance policies sold by California’s version of the federal health reform are the latest evidence that the Affordable Care Act, despite its name, cannot do much to tame the rise of health care costs.
  • Insurers Seek Big Premium Boosts

    05/26/2016 2:27:12 PM PDT · by reaganaut1 · 25 replies
    Wall Street Journal ^ | May 25, 2016 | LOUISE RADNOFSKY
    Big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states. The insurers’ proposed rates for individual coverage in states that have made their 2017 requests public largely bear out health plans’ grim predictions about their challenges under the health-care overhaul. According to the insurers’ filings with regulators, large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more. In states such as Florida and Maryland, insurers are...
  • (Senator)Barrasso: Obamacare Deductibles So High, No One Gets to Use the Insurance

    05/25/2016 7:51:08 AM PDT · by xzins · 88 replies
    CNS ^ | May 25, 2016 | Susan Jones
    The Department of Health and Human Services insists that the Affordable Care Act not only expanded health insurance to many more Americans, but it also "made everyone's insurance better." But some Republicans are asking, what good is the health insurance if sky-high deductibles mean you never get to use it? The Democrats' Affordable Care Act is a mandate -- "not to get care, but to get coverage," Sen. John Barrasso (R-Wyo.) said on Tuesday. "And many people are finding the coverage is not at all of value to them because they can't get care. Either...their doctors don't take Obamacare or...
  • New York Health Insurers on Obamacare Exchange Seeking Massive Rate Hikes

    05/23/2016 7:19:40 AM PDT · by rustyweiss74 · 16 replies
    The Mental Recession ^ | 05/23/2016 | Rusty Weiss
    Insurers on the New York health exchange are requesting rate hikes averaging in excess of 17%, with UnitedHealthcare going as high as a whopping 45.6%. UnitedHealthcare has already announced that they would exit most of the Affordable Care Act state exchanges in which they operate in 2017, New York being one of the few exceptions. The biggest health insurer in the country announced that it lost $475 million on the ACA exchanges last year and could lose another $500 million this year. They explained that states in which they would continue to serve – like New York – would be...
  • More HillbamaCare Shock: Premiums Up 18-27%, Deductibles Soaring

    05/19/2016 8:20:31 AM PDT · by Lorianne · 27 replies
    Contra Corner ^ | 16 May 2016 | Jed Graham
    Reports continue to flow in of big ObamaCare premium spikes that will hit exchanges around the country in 2017. Insurers are seeking an average 27% rate hike in Oregon; 21% in Maine; 18% in Virginia; and 18% in Florida. But if the premiums don’t shock you, the deductibles very well might. Not only are bronze deductibles rising as high as $7,150 in 2017, from a maximum of $6,850 this year, but silver deductibles of $6,000 or more are becoming commonplace. In fact, Centene (CNC), one of the most aggressive exchange competitors when it comes to pricing, is planning to roll...
  • The Obamacare Health Exchange in Tennessee Is Sickening

    05/12/2016 5:57:44 AM PDT · by Oldeconomybuyer · 14 replies
    The Knoxville Mercury ^ | May 11, 2016 | by Joe Sullivan
    After raising its premiums for coverage on the Obamacare exchange by 36.3 percent for 2016, the state's dominant health insurer is heralding another increase of the "same order of magnitude" for 2017. BlueCross BlueShield claims it lost more than $150 million in 2015 when its rates were among the lowest in the land. But the 36.3 percent increase for 2016, the largest of any state, brings Tennessee rates to just about the national average. So how on Earth can costs be going up so exponentially to justify such a rate increase on the part of a nonprofit insurance company whose...
  • Humana Seeks 50% ObamaCare Premium Hike In Michigan

    05/11/2016 2:28:13 PM PDT · by Oldeconomybuyer · 4 replies
    Investors Business Daily ^ | May 11, 2016 | by JED GRAHAM
    Humana wasn't kidding when it hinted last week of big premium hikes for 2017 in those ObamaCare markets where it remains. This year, the nation's fifth-largest insurer offers the cheapest bronze and silver plans in Michigan's largest market, including Detroit. But Humana has filed for a 50% premium hike for its low-cost silver plan. Meanwhile, Humana wants a 38% premium increase for its lowest-cost bronze plan. So far only Oregon, where insurers are requesting an average 27% premium hike, and Virginia, where insurers want an 18% hike, are the only two states to make all rate filings available.
  • ObamaCare Insurers Considering Dumping Bronze Plans

    05/08/2016 10:52:32 AM PDT · by PROCON · 16 replies
    pjmedia.com ^ | May 6, 2016 | STEPHEN GREEN
    Insurers -- who might not be allowed the huge rate increases they need to stay solvent --- are looking to save money by eliminating so-called Bronze-level plans. Fierce Health Player reports on an Inside Health Policy (subscription only) warning from earlier this week: One problem, according to the article, is risk adjustment--as CMS data indicate bronze is the only metal level for which insurers of all sizes in the individual and group markets had to pay into the program. Federal officials are considering some changes to the risk adjustment program, which some say unfairly penalizes smaller insurers. Already, filings show...
  • Insurers planning big Obamacare price hikes next year

    05/05/2016 1:05:49 PM PDT · by Oldeconomybuyer · 24 replies
    CBS News ^ | May 5, 2016 | By/ Aimee Picchi
    It's still early days for the Affordable Care Act. But it may be dismaying to some consumers to learn that it appears 2017 may bring another year of big rate hikes. The first two states to release insurers' premium proposals for next year suggest that individual insurance premiums could rise by as much as one-third. In Oregon, the steepest requested rate hike is 32.3 percent. In Virginia, five of the biggest insurers are asking for increases of 9.4 percent to 37.1 percent for individual policies. The proposed rate hikes follow an average increase of 8 percent for 2016, and are...
  • Obamacare's November surprise (consumers will see large rate increases for the first time Nov. 1)

    05/02/2016 11:23:52 AM PDT · by reaganaut1 · 49 replies
    Politico ^ | May 2, 2016 | Paul Demko
    The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare. But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates. Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable. “I...
  • Significant Premium Hikes Expected Under Obama Health Law

    04/28/2016 4:33:12 AM PDT · by Oldeconomybuyer · 27 replies
    ABC News ^ | April 28, 2016 | By Ricardo Alonso-Zaldivar
    Expect insurers to seek significant premium increases under President Barack Obama's health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. Insurers say the law's coverage has been a financial drain for many of them, and they're setting the stage for 2017 hikes that in some cases could reach well into the double digits. For example in Virginia, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. The health law's nagging problems seem to center on lower-than-hoped-for enrollment, sicker-than-expected...
  • CBO: Millions Will Lose Employer Coverage Due to Obamacare Premium Spikes

    03/27/2016 6:43:34 PM PDT · by MarvinStinson · 50 replies
    pjmedia ^ | MARCH 26, 2016 | RICK MORAN
    The slow-motion implosion of Obamacare continues with the newest report from the Congressional Budget Office foreseeing up to 9 million Americans losing their employer-based insurance coverage over the next decade because of spiking premiums. The Washington Times: Obamacare insurance premiums will leap 6 percent a year over the next decade, and companies will drop millions of employees from their health plans as insurers and employers calibrate their offerings for the new marketplace, the Congressional Budget Office said Thursday. The health law will continue to steadily grow in both cost and coverage, working toward President Obama’s goal of expanding those with...
  • Obamacare Coverage Is Worse than Nothing for Most People

    02/22/2016 3:58:09 PM PST · by Kaslin · 41 replies
    Townhall.com ^ | February 22, 2016 | Devon Herrick
    Most left-leaning health policy wonks assume everyone needs health coverage. I've never understood that. Insurance is a way to protect assets for people with assets to protect. Economists also sometimes describe health insurance as income protection in the event of an illness, since medical care costs money. Economist sometimes view health coverage as the ability to buy highly subsidized medical care in the event of an illness. Families' health risks, aversion to risk and family finances differ, so arguments that everyone needs the same type of protection against medical bills are not particularly convincing. To cloud the issue even further,...
  • Obamacare: 2016 sticker shock

    02/05/2016 2:30:52 PM PST · by HarleyLady27 · 24 replies
    Washington Examiner ^ | June 2, 2015 | Paige Winfield Cunningham
    Health insurers are proposing to raise Obamacare rates more than in the past - some by more than 70 percent - now that they are finally equipped with all the information they need to price those plans. Plans wanting to raise rates by at least 10 percent next year posted the proposed increase online Monday, as required by the 2010 healthcare law. Insurers are allowed to raise rates each year, but they must publish significant increases ahead of time. Insurers have sold plans in the law's new insurance marketplaces for two years in a row. But the difference in 2016...
  • CBO: Obamacare Costs to Increase in 2016 As Millions More Get Subsidized Insurance

    02/03/2016 9:17:16 PM PST · by Olog-hai · 13 replies
    Cybercast News Service ^ | February 2, 2016 | 4:40 PM EST | Barbara Hollingsworth
    Taxpayers will have to shell out an estimated $18 billion more to subsidize Obamacare in 2016 despite lower than expected enrollment in the health care exchanges, according to a forecast by the non-partisan Congressional Budget Office (CBO). In its latest 10-year economic forecast, CBO predicted that 13 million Americans would purchase health insurance through the Obamacare exchanges in 2016, with 11 million of them receiving government subsidies to help pay for their premiums. But that figure is 40 percent lower than the 21 million enrollees CBO predicted last year would sign up. ...
  • ObamaCare

    01/31/2016 5:54:21 AM PST · by fella · 16 replies
  • Another Obamacare Misdiagnosis: Lower Enrollment And Higher Costs

    01/27/2016 7:01:41 PM PST · by TigerClaws · 4 replies
    Average Subsidy Cost Increasing Because of how far enrollment was below initial projections, I wrote the following on November 19: “While the aggregate subsidy amount will go down, the average subsidy amount will likely increase because of higher than expected premiums and a higher percentage of the subsidized enrollees having lower income and thus qualifying for larger subsidies than CBO anticipated.” According to CBO, this will likely be the case in 2016.
  • Congrats, Mississippi, you’re the only state where ObamaCare ISN’T making rates skyrocket!

    01/12/2016 9:48:21 AM PST · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 01/12/16 | Robert Laurie
    Woohoo!!! -0.2%! #Winning! If you have the misfortune of living in any one of 49 states, I have bad news for you. The average 2016 healthcare premium is going to skyrocket thanks to ObamaCare. 17 states will see their rates jump by at least 20%, while five of them - Minnesota, Alaska, Tennessee, Hawaii, and Oklahoma - will see truly staggering increases of 30-47%. The majority will see double-digit increases. But, hey, why be so “glass 98% empty” about this? Obama has promised us that his namesake legislation is “working” and in one state it actually is. Sort of. Ok,...
  • The Obamacare Scam Just Got A Lot Worse

    For the first time in American history, healthcare insurance has become too expensive to either buy or not buy, thus leaving many of us in quite the precarious financial dilemma, all courtesy the biggest scam ever pulled on the American people: Obamacare. CNBC explained that the penalty for not purchasing healthcare insurance for 2016 will cost us an average of $738 to $1,450, depending on our income levels. Those are just the expected averages, however. According to the actual Obamacare website, the penalty will be either 2.5 percent of our income or $695 per adult and $347.50 per child, to...
  • Obamacare Enrollees Are Reeling from High Deductibles

    11/16/2015 11:54:20 PM PST · by Brad from Tennessee · 51 replies
    Fiscal Times ^ | November 16, 2015 | By Eric Pianin
    First, the administration revealed that enrollments for Obamacare next year will barely hit 10 million, far below previous projections. Then last week, the consulting firm of McKinsey & Company estimated that premiums for policies under the Affordable Care Act, also known as Obamacare, were going up substantially in 2016. For instance, the median rate increase for the lowest priced, highly popular “Silver” plan will rise by 11 percent – compared to just a seven percent increase in 2015. Now there are troubling reports that consumers will be facing soaring out-of-pocket costs for deductibles next year – increases that in many...
  • Obamacare’s Bait and Switch Has Left Consumers Scrambling in 2016

    11/19/2015 7:45:20 PM PST · by Lorianne · 14 replies
    Yahoo News ^ | 19 November 2015 | Edward Morrissey
    The New York Times reported this weekend, even the words “affordable” and “care” have turned out to be untrue as well. The sharp rise in premiums has garnered the most headlines in the first three open-enrollment seasons of Obamacare, but equally if not more pernicious has been the increase in deductibles. As Eric Pianin explained for The Fiscal Times on Monday, deductibles have increased an average of 11 percent on Bronze level plans for 2016, intended to be the most affordable of all options, and now average over $5700. For Silver level, deductibles rose 6 percent and now average over...
  • Obamacare is dead

    11/05/2015 3:59:11 PM PST · by GilGil · 71 replies
    National Review ^ | 11/4/2015 | Kevin Williamson
    the so-called Patient Protection and Affordable Care Act (ACA) has failed. The grand vision of an efficient pseudo-market in health insurance under enlightened federal management — the heart of Obamacare — is not coming to pass. Obamacare, meaning the operating model that undergirded the law that Congress passed and President Barack Obama signed with great fanfare — is dead, and it will not be revived. What remains is fitful chaos.
  • Your Health Insurance Premiums Are About To Go Through The Roof -The Stunning Reason Why

    11/02/2015 2:55:12 PM PST · by amorphous · 32 replies
    Zero Hedge ^ | 2 Nov 2015 | Tyler
    After years of delays and failed launches, Obamacare has finally taken hold, and with it the economic and financial implications from this mandatory tax are finally being felt. We have extensively covered how Obama's Affordable Care Act will end up being a failure, observing both the economic implications in "In Latest Obamacare Fiasco, Most Low-Income Workers Can't Afford "Affordable Care Act" as well as its operational shortcomings in "Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud", paradoxically even as Obamacare - a tax - was according to the BEA the single biggest contributor...
  • Another One Bites the Dust: Ninth Obamacare Co-Op Implodes

    10/27/2015 1:23:53 PM PDT · by george76 · 16 replies
    Townhall ^ | Oct 27, 2015 | Guy Benson
    A South Carolina health insurer has become the ninth insurance cooperative formed nationwide under the Affordable Care Act to fold. Consumers' Choice Health Insurance Co. said Thursday that it will not sell policies in 2016, a decision that will leave 67,000 individuals and business customers looking for new coverage. Ray Farmer, director of the South Carolina Department of Insurance, said Consumers' Choice and state regulators reached a mutual decision to shut down the company's business. He said the company was in a "financially hazardous condition." ... a solid new slogan for the entire law. The New York Times analyzes the...
  • Average premiums to rise 7.5 percent on key ObamaCare plan

    10/27/2015 8:04:15 AM PDT · by george76 · 18 replies
    The Hill ^ | 10/26/15 | Sarah Ferris
    The price of the benchmark ObamaCare plan will jump by 7.5 percent on average next year, according to data released Monday. The premium increase is far more than last year’s 2 percent jump among benchmark silver plans. Those plans, the second-lowest cost option among silver plans, are important because they determine healthcare subsidies for people living in that area, even if they pick a different tiered plan. ... The increase for next year does not take into account the billions of dollars in government subsidies that are given to people on the exchanges. It also doesn’t include the dozen state...
  • ObamaCare Enrollment Tumbles As Huge Price Hikes Loom

    09/11/2015 3:32:36 AM PDT · by IBD editorial writer · 43 replies
    Investor's Business Daily ^ | 09/10/2015 | Staff
    ObamaCare enrollment has fallen sharply since March, and that's before consumers confront huge rate hikes for 2016. These are not the signs of a successful program.
  • Obama: Regulators will never approve those massive health premium increases; Regulators: APPROVED

    08/28/2015 7:26:41 AM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 08/28/15 | Dan Calabrese
    Mandates have consequences, bro The argument has been ever-present, where ObamaCare is concerned, that mandating generous benefits while forbidding insurers from considering factors like pre-existing conditions, could only result in one thing: Sky-high, jacked up premiums for everyone. It’s simple economics. You can’t artificially heighten demand by forcing everyone to buy, while also mandating a gold standard in coverage, and not see prices soar. But Barack Obama thinks the regulatory state can do what the stone-cold laws of the market cannot. So when insurers earlier this year began submitting their rate increase requests to state regulators - and the numbers...
  • Yes, Those Shocking ObamaCare Rate Hikes Are For Real

    08/28/2015 4:16:05 AM PDT · by IBD editorial writer · 33 replies
    Investor's Business Daily ^ | 08/27/2015 | Staff
    When insurers requested huge rate hikes for their 2016 ObamaCare plans, we were told not to worry because state regulators would force them down. But that's not happening. Death spiral, anyone?
  • How Obamacare Adds $100 A Month To Your Spouse's Coverage

    08/16/2015 12:25:25 PM PDT · by Brad from Tennessee · 9 replies
    Forbes ^ | August 16, 2015 | By Bruce Japsen
    To avoid the Affordable Care Act’s so-called “Cadillac tax” on rich benefit plans, companies are adding surcharges of $100 a month or more to wives and husbands of workers, hoping spouses will seek coverage elsewhere, new employer data shows. The Cadillac tax was created as part of the Affordable Care Act largely as a way to help subsidize benefits to the uninsured under the law. Starting in 2018, employers pay a 40 percent tax on costs of health plans that are above $10,200 per individual and $27,500 for family coverage. The idea behind the so-called “spousal surcharge” employers are implementing...
  • North Carolina Blue Cross Raises Obamacare Plan Premiums (35%!)

    08/08/2015 2:01:53 PM PDT · by xzins · 14 replies
    CBN ^ | August 07, 2015 | CBN
    North Carolina's largest health insurer says high costs are forcing it to seek higher premium increases than expected. Two months ago, Blue Cross and Blue Shield of North Carolina said it wanted to raise rates by an average of almost 26 percent in January 2016. But now it's seeking an average 35 percent higher premium for insurance sold under Obamacare. North Carolina is not the only state facing steep raises. A study by the Kaiser Family Foundation says dozens of health insurers across the country are increasing premiums well beyond 10 percent for next year.
  • NYT: Obama Admin. Trying to Squash Big Obamacare Rate Hikes

    08/05/2015 5:37:30 AM PDT · by E. Pluribus Unum · 20 replies
    SharylAttkisson.com ^ | 08/05/2015 | Sharyl Attkisson
    According to the New York Times, Blue Cross and Blue Shield of Minnesota requested rate increases averaging about 50 percent for 2016, and a vice president there said his company had not seen an improvement in the health status of new customers. “WASHINGTON — Hoping to avoid another political uproar over the Affordable Care Act, the Obama administration is trying to persuade states to cut back big rate increases requested by many health insurance companies for 2016…” Read the NYT article
  • As health insurers merge, consumers' premiums are likely to rise

    07/10/2015 8:37:36 AM PDT · by Oldeconomybuyer · 25 replies
    Los Angeles Times ^ | July 10, 2015 | by David Lazarus
    As leading health insurers scramble for market share through a series of multibillion-dollar mergers, consumers are no doubt wondering if their premiums are bound to skyrocket. Short answer: Probably. Ironically, Obamacare had anticipated the negative effects of runaway capitalism with a safeguard that critics branded as socialism — the so-called public option, a government-run insurance plan offered alongside private plans. Thanks to business and ideological interests triumphing over economic considerations, a public option fell by the wayside. Some experts say that, with fewer private insurers and rising rates, we're going to regret not having a public option as part of...
  • For Many, Obamacare Is Becoming The Unaffordable Care Act

    07/05/2015 1:25:31 PM PDT · by Brad from Tennessee · 51 replies
    Forbes ^ | July 5, 2015 | By Richard Eisenberg
    Let me start by saying this is not a political screed against Obamacare; I’m thrilled that some 18 million Americans now have health insurance who didn’t before the law took effect, lowering the percentage of uninsured adults from 18% in 2013 to 11.9% today. But I’m growing concerned that for some people — especially older, middle- and lower-income adults — the Affordable Care Act is becoming The Unaffordable Care Act. A Growing Problem: The Underinsured Several recent studies suggest to me that due to a combination of Obamacare’s incentives to reduce premiums; the rise of so-called “consumer-driven” and high-deductible health...
  • Oregon dumps cold water on low Obamacare rates

    06/22/2015 4:15:14 PM PDT · by Oldeconomybuyer · 15 replies
    CNBC ^ | June 22, 2015 | by Dan Mangan
    They wanted their Obamacare prices to be low—but the state said "no." The state of Oregon reportedly has ordered a number of insurers to raise proposed Obamacare premiums for 2016 after some of those companies asked for rates that were only moderately higher, if not lower than this year. Now, many Obamacare customers there are looking at likely double-digit percentage rate increases after having experienced some of "the lowest premiums in the nation," the Oregonian noted. For example, Oregon's Health CO-OP asked for a 5.3-percent average rate increase for next year, but the state's preliminary decision calls for a 19.9...
  • Alabama’s ObamaCare health insurance exchange prices set to skyrocket

    06/02/2015 4:25:28 PM PDT · by Oldeconomybuyer · 12 replies
    Yellowhammer News ^ | June 2, 2015 | BY ELIZABETH BESHEARS
    BIRMINGHAM, Ala. — Alabama health insurance providers who offer plans on the ObamaCare exchange are seeking significant price increases this year, after healthcare costs took a sharp upward turn. Blue Cross Blue Shield of Alabama is reportedly requesting an average of a 28 percent increase for its individual plans, as well as a 73 percent increase for its platinum plan. Small group plans could also increase by nearly 14 percent. UnitedHealthcare is seeking a 24.5 percent increase for its 2016 rates.
  • Obamacare sticker shock: Big rate hikes proposed for 2016

    06/02/2015 4:18:37 PM PDT · by Oldeconomybuyer · 18 replies
    CNN ^ | June 2, 2015 | By Tami Luhby
    Hold onto your wallets ... many insurers want to substantially hike rates on Obamacare policies for 2016. Many are proposing double-digit premium increases for individual policies, with some companies looking to boost rates more than 60%, according to a list posted Monday by the federal Centers for Medicare & Medicaid Services. Insurers say they want to hike rates because enrollees are going to the doctor, getting lab work and filling prescriptions more than they had originally anticipated. "We've seen a great pent-up demand for services," said Aaron Billger, spokesman for Highmark, a Blue Cross Blue Shield licensee offering plans in...
  • State Insurance Commissioner’s Statement on Request to Raise Premiums almost 50% (abbreviated)

    06/03/2015 4:02:49 PM PDT · by kaehurowing · 14 replies
    State of Hawaii Government Website ^ | June 2, 2015 | Hawaii Department of Commerce and Consumer Affairs
    HONOLULU – State Insurance Commissioner Gordon Ito today issued the following statement regarding HMSA’s request filed with the Insurance Division to raise premiums for individual Affordable Care Act (ACA) health plans for 2016: “This is the highest premium increase ever requested by HMSA. The requested increase for an average of 49.1 percent for the ACA individual plan will be closely scrutinized. “The Insurance Division will actively seek reductions to the proposed request, where possible, to ensure fairness to all parties involved. “If medical expenditures paid out for healthcare services under the ACA individual plan are too high, the division’s ability...
  • Feel the Pain: Insurers Seek Hefty Rate Hikes Ahead of Obamacare’s Third Year

    06/03/2015 3:55:14 PM PDT · by lbryce · 8 replies
    Washington Times ^ | June 3, 2015 | Staff
    Insurers are planning double-digit rate hikes ahead of Obamacare’s third year, eliciting a told-you-so outcry from the law’s opponents who said the health law is to blame for boosting the price of care and forcing those costs onto consumers. A major insurer in New Mexico is seeking a 50-percent rate increase for 2016, one in Tennessee wants to raise its premiums for a mid-level silver plan by 36 percent, and proposed hikes in Illinois range from about 13 percent to well above 30 percent in some cases, according to data published this week. The figures, posted on the federal HealthCare.gov...
  • ObamaCare rate hikes range from 30-to-50 percent in 2016

    06/02/2015 10:37:04 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 06/02/15 | Dan Calabrese
    Affordable! ObamaCare rate hikes range from 30-to-50 percent in 2016If you don’t recognize there’s something inherently cockeyed about the federal government passing a law that presumes to make a product or service “affordable,” then you don’t understand how market forces work. I’ll oversimplify it for the purpose of brevity: Providers have to price a product or service in a way that reflects the cost of providing it, as well as the level of demand for it, because if they don’t they will soon find themselves incapable of meeting the demand. The premium rates announced when ObamaCare went into effect were...
  • Overhead costs exploding under ObamaCare, study finds

    05/28/2015 2:03:09 PM PDT · by Jim Robinson · 10 replies
    The Hill ^ | May 28, 2015 | By Sarah Ferris
    Five years after the passage of ObamaCare, there is one expense that’s still causing sticker shock across the healthcare industry: overhead costs. The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog. The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday. Those costs will be particularly high...
  • [NM] Blue Cross seeking 51 percent premium hike (Obamacare cost fallout)

    05/28/2015 9:23:09 AM PDT · by CedarDave · 20 replies
    The Albuquerque Journal ^ | May 28, 2015 | Jessica Dyer
    Citing higher-than-expected costs, Blue Cross and Blue Shield of New Mexico wants to raise premiums by an average of 51.6 percent on individual Affordable Care Act plans in 2016. The company made the request in a preliminary rate proposal filed with New Mexico Insurance Superintendent John Franchini. Blue Cross and Blue Shield – which insures an estimated 600,000 people statewide – said the proposal affects an estimated 35,000 customers who signed up for qualified individual health plans through the New Mexico Health Insurance Exchange, but also those who bought the same plans off the exchange. Franchini has the final authority...