“Obamacare plan customers should brace for sticker shock when the administration posts insurers’ preliminary rate requests for 2017 this week.
Health plans are asking for sharp price increases, after suffering big losses on exchanges in the last two years. Regulators caution that these are preliminary requests and final rates could a lot different.
Insurers cite rising drug costs and patients who utilize a lot of medical services for the price-hike requests, which range from 17 percent in New York, and more than 20 percent in Virginia, to 30 percent rate increase requests from Oregon’s largest insurers ” Joe Killian
Bertha Coombs | @BerthaCoombs
Obamacare plan customers should brace for sticker shock when the administration posts insurers’ preliminary rate requests for 2017 this week.
Health plans are asking for sharp price increases, after suffering big losses on exchanges in the last two years. Regulators caution that these are preliminary requests and final rates could a lot different.
Insurers cite rising drug costs and patients who utilize a lot of medical services for the price-hike requests, which range from 17 percent in New York, and more than 20 percent in Virginia, to 30 percent rate increase requests from Oregon’s largest insurers.
James, please don’t forget the ACA excise taxes from 2020~…. that’s another 40% on platinum level health benefits like those our teachers, police and fire currently enjoy. They either all need to be downgraded to bronze level health benefits or taxpayers will bear the brunt of the 40% tax on $25,000 family plans, i.e. an additional $10,000 a year per Village and BOE employee with a platinum family plan. Who pays for that? Why aren’t the REA and their NJEA masters mentioning this in their uncivil and bad faith negotiating with the BOE? What is our crack new Council’s stance on this?