Skip to comments.Insurance Industry calls Dayton's MNsure Rate Increase ("only 4.5%")Average 'Misleading'
Posted on 10/08/2014 5:08:44 AM PDT by TurboZamboni
The Minnesota Association of Health Underwriters (MAHU) has a strong message for Gov. Mark Dayton and MNsure, the state's health insurance marketplace.
The association, which represents insurance agents told Dayton MNsure and the Minnesota Department of Commerce that the new MNsure average rate increase, set at 4.5 percent, is misleading consumers and making it more difficult for them to shop for better health insurance coverage.
MAHU wants the Governor, MNsure and Commerce to tell MNsure clients the average rate increase, for most shopping through the exchange, will be considerably higher than 4.5 percent.
MAHU Board Chair Alycia Riedl tells 5 EYEWITNESS NEWS the Commerce Department and MNsure did not use a weighted average which she says would be a more accurate than a total average. Riedl says, for example, Blue Cross-Blue Shield of Minnesota has an average rate increase of 17 percent, with more than 12,000 MNsure clients. While UCare shows a decline of nine percent with only 700 MNsure customers.
Reidl says realistically the vast majority of MNsure clients should expect a rate increase anywhere from eight to 43 percent.
(Excerpt) Read more at kstp.com ...
I was expecting it, but still... *groaaan*
In his psychotic mind, 43% isn’t much at all.
That 43 percent is just the beginning. Not only the cost will go up but the quality of the healthcare will go down.
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