health insurance rates

Health News Florida has been reporting that Florida’s health insurance companies are asking for double-digit rate increases.

Insurers are seeking double-digit rate increases for 2017 health plans that will be sold to individual Floridians under the Affordable Care Act, a reflection of increasing medical costs and the end of a safety net for insurers.

Florida Blue

The insurance company Florida Blue says its rate increases were published too soon on the Obamacare website.

The numbers that were briefly available showed as much as an 11 percent price increase on some plans.

Charles Elmore of the Palm Beach Post first saw the numbers when he was surfing the HealthCare.gov website.

HHS: States Should Negotiate Lower ACA Rates

Jul 23, 2015

Some analysts who have looked at health insurers’ proposed premiums for next year predict major increases for policies sold on state and federal health exchanges. Others say it’s too soon to tell. One thing is clear: There’s a battle brewing behind the scenes to keep plans affordable for consumers.

Court Backs Hospital in Insurer Dispute

Jun 23, 2015

In a case stemming from charges for personal-injury protection claims, an appeals court Monday said a Jacksonville hospital does not have to turn over information to State Farm Mutual Automobile Insurance Company about contracts with health insurers.

A three-judge panel of the 1st District Court of Appeal sided with Shands Jacksonville Medical Center, which now is known as UF Health Jacksonville. The ruling came in a case filed by State Farm as it sought copies of contracts that could show the hospital agreeing to discounted reimbursement rates with health insurers.

HealthCare.gov

Health insurance premiums for nearly 600,000 Floridians could increase more than 10 percent next year, according to proposed rates released Monday on the federal healthCare.gov website.

Costs for Florida consumers buying individual plans could increase as much as 60 percent for companies such as UnitedHealthcare, the proposed rates show.

Florida Senate President Don Gaetz is criticizing Democratic support for the Affordable Care Act, saying U.S. Sen. Bill Nelson in particular is ignoring the complexity of Obamacare.

Writing in the Palm Beach Post, Gaetz said Florida had bipartisan support when it opted to not formally approve health exchange insurance rates during the first two years of the ACA. 

Avalere.com

Some premiums on the federal health exchange for 2015 are going up. Some are going down. That's all the public really knows right now.

But it appears that the big idea behind the marketplace -- creating competition -- may be working, since three new companies have joined the 11 early adopters, according to Florida's Office of Insurance Regulation.

The OIR released a forecast for a 13 percent premium hike for 2015 plans on the federal marketplace (Healthcare.gov) earlier this week.

Exchange Premiums to Rise 13%: State

Aug 4, 2014

Premiums for Floridians buying insurance on the Affordable Care Act marketplace will rise an average of 13 percent for next year, the Florida Office of Insurance Regulation said Monday.

Eight insurers with existing plans filed for premium increases for 2015, while three filed for rate cuts for individual plans purchased on Healthcare.gov.  There are three new carriers participating, the OIR said in a news release.

In your Aug. 30 article, “No Rate Increase, Study Predicts,” you appear to have reached your conclusion simply by oversimplifying.  The RAND study you quote states the following:

“In analyses that held age, actuarial value, and tobacco use constant, we estimated that, for five of the ten states we examined (Florida, Kansas, Pennsylvania, South Carolina, and Texas), and for the United States overall, the law causes no change in premiums.”

The House and Senate sponsors of the law that removed Florida insurance officials' ability to regulate health-insurance rates for two years said they stand by their decision, which has come under increasing criticism by consumer groups and newspaper editorial boards. 

PolitiFact.com

The state of Florida has not exactly been warm and welcoming to the Affordable Care Act (ACA) -- better known as Obamacare.  

Florida's average increase in health-insurance premiums under the Affordable Care Act for 2014 will be in the range of just 5 to 6 percent, Office of Insurance Regulation officials said Tuesday.

That is not out of line with past years, and the new law will require health policies to cover more than many do now.

Under a new law passed by the state legislature this spring, Florida’s Office of Insurance Regulation will no longer have authority over rate increases, the Times/Hearld Tallahassee Bureau reports. Instead, the state is leaving such regulation to the federal government, which critics of the state law say lacks the authority and experience to handle it.