Posted on 07/03/2014 8:27:23 AM PDT by NormsRevenge
Insurance companies operating in New York State's marketplace are expected to ask for double-digit premium hikes next year, according to new filings from the companies.
Capital New York reports the average requested increase was 13%. The New York Post reports that number at about 12%. But the bigger insurers are seeking a bigger premium hike according to Capital, the six most popular plans in New York are requesting an average increase of almost 15%.
The Post reports that Excellus Health Plan, which has about 24,000 customers, is requesting a 19.7% hike. MVP Health Plan, which has nearly 33,000 customers, is seeking a 19% increase. New York's largest insurer Health Republic Insurance of New York, which has 68,000 customers is requesting a 15% increase.
The requests from states are being closely watched, after the end of the first open-enrollment period of the Affordable Care Act. According to the reports, insurers cited a number of reasons for the proposed premium hikes in their filings, including rising medical costs, having a sicker and/or older pool of customers, and new regulations and taxes levied by Obamacare.
(Excerpt) Read more at finance.yahoo.com ...
not to mention Dinesh's new movie just opened.
It may help fill in some of the gaps for those who need background on how a small group of elitists installed Obama as King and now shepherd his every move.
NY, It's up to you. New York New York
If he can't make it there he can't make it anywhere
except old DC
I got yur double digits right here, Obama!!
NY’s individual insurance market was so screwed up ObamaCare was actually an improvement. In my mind everything is going as planned as ObamaCare was designed to destroy the private insurance market leading to single payer.
Waiting Times UP
Curative Therapy GONE
Drug Availability GONE
"What difference does it make?"
It makes no difference at all, to the exempt. Except to feed their already grossly massive egos.
Slapped several Libs on FB, who said Hobby Lobby would be the defining issue in keeping the Senate Democrat this Fall, really hard with the pending Obamacare rate increases last night.
They really are clueless, thinking that a very small subset of women not getting a very small set of contraceptive options, available through other means, from their employer will matter to people seeing their own healthcare costs skyrocket.
But if damn Cochrane costs us that MS Senate seat ...
I luv it when socialist new yorkers get hammered with socialism...
My husbands small company has to get new insurance this year and the rates are doubling for less care. ugh!
I’ve always thought that was their plan.
Hey, feel good everyone! There are millions of illegal aliens that are getting healthcare, while us chumps who actually pay for insurance wait. Doesn’t it make you feel all warm and fuzzy inside?
....the only people Odungocare works for are people who don’t....
New York’s liberal - they deserve this. I wish I could feel more sympathy, just can’t seem to find it.
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