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Home State Rate Hikes

- May 19, 2016

ObamaCare Provisions Have Caused Insurers In Clinton's Adopted Home State To Pursue Massive Premium Rate Hikes

New York Health Insurers Are Requesting An Average Premium Rate Hike Of 17.3 Percent On Individual ObamaCare Plans Next Year. "New York's health insurers are seeking to raise the amount that customers pay for individual ObamaCare plans by an average of 17.3 percent for 2017." (Zachary Tracer, "ObamaCare Rates Rise In New York, And So Does Political Risk," Bloomberg, 5/18/16)

  • For This Year, Insurers In New York Already Allowed Insurers Offering Individual ObamaCare Plans A 7.1 Percent Increase. "New York's insurance regulator does have an option to push back -- like some other states, it can push the requested rate increases back down. Last year, insurers in the state requested a 10.4 percent increase for individual policies, on average, and were allowed to boost rates by 7.1 percent. Yet many of New York's insurers are losing money on their ObamaCare policies, which may limit how harsh the state will be, lest companies pull out of the market entirely." (Zachary Tracer, "ObamaCare Rates Rise In New York, And So Does Political Risk," Bloomberg, 5/18/16)

In The Small Group Market, New York Insurers Are Asking For A 12 Percent Average Increase

In Addition, Insurers In The Small Group Market Are Asking For An Increase Of 12 Percent On Average In New York. "Insurers who sell to small groups of people, such as small businesses, are asking for an increase of 12 percent on average, the New York regulator said." (Zachary Tracer, "ObamaCare Rates Rise In New York, And So Does Political Risk," Bloomberg, 5/18/16)

  • "Oxford Health, A Unit Of UnitedHealth, Is Seeking A Boost Of 12.9 Percent In The Small Group Market." (Zachary Tracer, "ObamaCare Rates Rise In New York, And So Does Political Risk," Bloomberg, 5/18/16)

While UnitedHealth Has Pulled Out Of Many States' Exchanges, It Hopes To Remain In New York But Has Requested A 45 Percent Premium Increase

UnitedHealth Is Seeking A 45 Percent Increase, And While It Has Pulled Out Of Other Marketplaces Is Going To Try One More Year In New York. "UnitedHealth, which has 8,000 members, is seeking a 45 percent rate increase. The nation's largest insurer has pulled out of most exchanges, including in New Jersey, but plans to try another year in New York." (Dan Goldberg, "With Rising Costs And Decreasing Federal Help, Insurers Ask For Big Rate Increases," Politico , 5/18/16)

  • UnitedHealth Is Already One Of The Most Expensive Options In New York's Exchange, And If Approved For This Increase Would Be The Most Expensive. "That's somewhat surprising, given that UnitedHealth was already one of the most expensive options on the state's exchange. If rates are accepted as proposed, UnitedHealth would offer the most expensive plan in New York State in 2017. But the company got far less than it asked for last year, when it asked to increase its rates 22 percent but was approved only a 1.7 percent increase." (Dan Goldberg, "With Rising Costs And Decreasing Federal Help, Insurers Ask For Big Rate Increases," Politico , 5/18/16)

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)

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