insurance rates

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For the first time in years, health insurance premiums sold on the Affordable Care Act marketplace in Florida are not expected to rise by double digits.

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Florida regulators are approving a 9.5 percent drop in insurance rates charged to the state's business owners to cover their employees.

healthcare.gov

Health insurance rates on the Obamacare marketplace in Florida will increase by an average of 45 percent in 2018.

Updated 4:31 pm August 16: On Wednesday, the White House said it would continue what's known as cost-sharing reduction payments to insurers for another month, buying President Trump some time to decide whether he'll continue the payments long-term or cut them off altogether.

The announcement came a day after the Congressional Budget Office released an analysis that found that ending the payments would increase the deficit by $194 billion over 10 years.

California's Obamacare exchange scrubbed its annual rate announcement this week, the latest sign of how the ongoing political drama over the Affordable Care Act is roiling insurance markets nationwide.

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A report from Florida’s Office of Insurance Regulation says the rates for personal injury protection insurance are declining because of a recent state law that requires insurers to lower premiums, or provide strong justification for why they’re not charging less.

OIR's preliminary analysis of the rates submitted by insurance companies that write policies for 75 percent of Florida drivers says since 2012, there has been an estimated average statewide savings in personal injury protection (PIP) premiums of 13.2 percent. 

Floridians who will be shopping for health insurance on the new online marketplace might not know what companies they can choose from until the exchanges officially open on Oct. 1, the Orlando Sentinel reports. The Florida Office of Insurance Regulation says it will sign off on the companies by the time the exchanges go online, but it likely won’t be sooner.

PolitiFact

In a letter to U.S. Health and Human Services Secretary Kathleen Sebelius, Democratic members of Congress from Florida accuse the state of relinquishing power over health insurance rates to the federal government -- which lacks enforcement authority.