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Double-Digit Rate Hikes For Florida And Pennsylvania

- May 26, 2016

AS OBAMACARE BRINGS INSURANCE PREMIUM RATE HIKES TO TWO MORE STATES, CLINTON CONTINUES TO CLAIM CREDIT FOR OBAMACARE POLICIES ON THE CAMPAIGN TRAIL

The Wall Street Journal Headline: "Insurers Seek Big Premium Boosts" (Louise Radnofsky, "Insurers Seek Big Premium Boosts," The Wall Street Journal, 5/25/16)

  • Florida And Pennsylvania Are Among The Most Recent States In Which Insurers Are Seeking Large Premium Increases. "According to the insurers' filings with regulators, large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more. In states such as Florida and Maryland, insurers are seeking to raise premiums by percentage averages that are markedly above 10%. Among those that have published so far, only in Vermont do big insurers' requests fall below 10%."(Louise Radnofsky, "Insurers Seek Big Premium Boosts," The Wall Street Journal, 5/25/16)

As Rates Rise, Healthcare Costs Continue To Top U.S. Families' Financial Concerns

Healthcare Costs Top American Families' List Of Financial Concerns. "Fifteen percent of Americans cite healthcare costs as the most important financial problem facing their family. In addition to healthcare costs, Americans also point to low wages, debt, college expenses and housing costs as pressing financial concerns for their family. About one in 10 Americans say their family faces no financial problems." (Zac Auter, "Healthcare Costs Top U.S. Families' Financial Concerns," Gallup, 4/27/16)

  • Gallup: 15 Percent Of Americans Say Health Care Costs Are Their Greatest Financial Concern. (Gallup News, Twitter Feed, 4/27/16)

Despite Skyrocketing Premiums, Clinton Continues To Tout Her Role In Creating ObamaCare

Clinton: "Before It Was Called ObamaCare, It Was Called HillaryCare, As You Remember." CLINTON: "Before it was called ObamaCare, it was called HillaryCare, as you remember. I fought really hard. The insurance companies and the drug companies spent millions against me." (Hillary Clinton, CNN Democratic Presidential Town Hall, 3/4/16)

Click To Watch

Florida Health Insurers Are Requesting Double Digit Rate Hikes For 2017 For The Health Exchange Created By ObamaCare

About A Dozen Health Insurers In Florida Have Requested Rate Increases Averaging 13 Percent For 2017. "Nearly a dozen health insurers are proposing rate increases averaging 13 percent for 2017 Florida plans sold on the exchanges created under President Barack Obama's health care law, according to federal officials, but that won't necessarily mean big consumer price hikes." (Kelli Kennedy, "Florida Insurers Request Rate Hikes Under Federal Health Law," The Herald, 5/25/16)

  • These Premium Requests Are Higher Than Last Year's Approved Average Of 10 Percent. "Fifteen health insurers want an average 17.7 percent increase in premiums for Affordable Care Act individual plans, Florida officials said Thursday -- higher than last year's approved average of less than 10 percent." ("Florida Health Insurers Seek Average 17.7% Rate Hike," Insurance News Net, 5/13/16)

State Insurance Officials Estimate The Average Increase At Closer To 18 Percent. "State insurance officials, meanwhile, estimated the average increase at closer to 18 percent, but neither state nor federal officials would say how they arrived at their figures other than to say they were both weighted." (Kelli Kennedy, "Florida Insurers Request Rate Hikes Under Federal Health Law," The Herald, 5/25/16)

  • Humana Is Requesting A 44 Percent Increase, The Largest Increase In Florida. "The largest increase is a whopping 44 percent requested by one Humana plan." (Kelli Kennedy, "Florida Insurers Request Rate Hikes Under Federal Health Law," The Herald, 5/25/16)
  • Aetna, AvMed, And Coventry Have All Requested Double Digit Increases For 2017. "Aetna wants a 29 percent increase for a plan, with AvMed requesting 26 percent and Coventry seeking 17 percent. Florida Health Care Plan requested modest increases for many of its products with most around only 2 percent, according to data released by federal health officials Wednesday. However, those figures only apply to specific plans in certain regions. Some may have only have 50 enrollees and are not representative of what consumers will actually pay." (Kelli Kennedy, "Florida Insurers Request Rate Hikes Under Federal Health Law," The Herald, 5/25/16)
  • "Florida Blue, The State's Largest Insurer, Requested A Statewide Average Increase Of 14 Percent, Compared To The 9 Percent Hike It Won Last Year." (Kelli Kennedy, "Florida Insurers Request Rate Hikes Under Federal Health Law," The Herald, 5/25/16)

Fifteen Insurers In Florida Have Also Asked For An Average 9.6 Percent Increase For Small Group Plans. "In Florida, 15 companies also asked for an average 9.6 percent increase for small group plans, said Amy Bogner, spokeswoman for the state's Office of Insurance Regulation." ("Florida Health Insurers Seek Average 17.7% Rate Hike," Insurance News Net, 5/13/16)

Pennsylvania Health Insurers Have Also Requested Double Digit Rate Hikes, With Requests As High As 48 Percent For Highmark

Health Insurers In Pennsylvania Have Requested An Average 23.6 Percent Increase For Individual Plans And 7.9 Percent For Small Group Plans. "The Pennsylvania Insurance Department says the proposed premium increases requested by all health insurers doing business in the state average 23.6 percent for individual plans and 7.9 percent for small group plans. The proposal just became publicly available." (David Wenner, "New Obamacare Premium Proposals Threaten Sticker Shock In Pa." Penn Live, 5/25/16)

Highmark, Which Has More ACA Customers Than Any Other Insurer, Is Requesting Premium Hikes As High As 48 Percent. "Health insurer Highmark is requesting premiums hikes of as high as 48 percent for plans sold on the Affordable Care Act's online exchange. Another major insurer, Geisinger Health Plan, also is requesting hikes of more than 40 percent for some plans. The Highmark rate hike requests are especially noteworthy because Highmark has more ACA customers than any other insurer." (David Wenner, "New Obamacare Premium Proposals Threaten Sticker Shock In Pa." Penn Live, 5/25/16)

  • This Rate Increase Request Is The Highest Sought By A Health Insurer In Pennsylvania. "As it moves to stem the flow of red ink, Highmark is seeking state approval to boost rates for one of its Affordable Care Act plans by 48.10 percent effective in January - the highest rate hike sought by a health insurer doing business in Pennsylvania." (Kris B. Mamula, "Insurers Seek Hefty Rate Increases For ACA Coverage," The Pittsburgh Post-Gazette , 5/25/16)

UPMC Health Plan Requested Rake Hikes As High As 16.2 Percent. "Pittsburgh rival UPMC Health Plan asked for rate hikes of 16.2 percent and 0.9 percent for two plans offered on the government exchange." (Kris B. Mamula, "Insurers Seek Hefty Rate Increases For ACA Coverage," The Pittsburgh Post-Gazette , 5/25/16)

First Priority Life Insurance Co., Geisinger Health Plan, And Geisinger Quality Options Have Requested Double-Digit Rate Hikes As High As 41.23 Percent. "Other top rate requests include First Priority Life Insurance Co., 38.8 percent; Geisinger Health Plan, 41.23 percent; and Geisinger Quality Options, 40.68 percent." (Kris B. Mamula, "Insurers Seek Hefty Rate Increases For ACA Coverage," The Pittsburgh Post-Gazette , 5/25/16)


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