Medical insurance rates to go up
Monday, May 16, 2016
From the office of the Insurance Commissioner
Thirteen health insurers have filed 154 individual health plans for 2017 both inside and outside of the Exchange, Washington Healthplanfinder, with an average requested rate change of 13.5 percent.
Nine of the 13 insurers intend to sell individual plans inside the Exchange and four will only sell plans outside of the Exchange.
“The requested rate changes are not a surprise, as we expected insurers to make adjustments based on their earlier predictions compared to who actually signed up and what services they used,” said Insurance Commissioner Mike Kreidler. “Clearly, some of the insurers guessed better than others. We know that no one wants to see their rates go up. We will review each plan carefully over the next several months to see that rate changes are justified.”
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2 comments:
That's funny. After the ACA/Obamacare went into effect, my insurance costs and rates have gone up exponentially. I now pay over $5,000 per year in new costs. Even with a minor pay raise in CY2016, I am running at a net loss with commensurate decreases in discretionary spending which affects local businesses, restaurants and so on because of the increased medical costs as a result of Obamacare. When politicians get involved, it goes stupid and costs us, the citizens.
Please can we have single-payer health care? We have to get insurance companies out of the mix.
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