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Thursday, Aug 27 2015

Full Issue

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.

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鈥檚 third year. 鈥淢y expectation is that they鈥檒l come in significantly lower than what鈥檚 being requested,鈥 he said, saying Tennesseans had to work to ensure the state鈥檚 insurance commissioner 鈥渄oes their job in not just passively reviewing the rates, but really asking, 鈥極K, what is it that you are looking for here? Why would you need very high premiums?鈥欌 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)

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鈥檚 Office of Insurance Regulation, which this year regained the authority to deny rate increases for health plans sold on the Affordable Care Act鈥檚 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)

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)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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