Aetna Seeks Health Insurance Rate Hikes In Pa.
|By Alex Nixon, The Pittsburgh Tribune-Review|
In the request that
If approved, the rates would take effect on
"We are definitely looking at this," said
In its filings, Aetna said, "Medical costs are going up, and we are changing our rates to reflect this increase. We expect medical costs to go up 9.8 percent. We expect half of the medical cost increase to come from providers raising prices, a third to come from members getting more care, and the remaining portion to come from cost sharing that does not increase as quickly as medical costs."
Aetna cited examples, including a 13 percent increase in the daily cost of hospital stays and a 34 percent increase for laboratory visits.
Higher rates are proposed for its Small Group QPOS,
The QPOS, or
The increase would generate about
Aetna last year reported corporate revenue of
Small Group HMO plans, which have 1,000 members in the state, could increase 14.4 percent. The 8,000 members of Aetna's Small Group PPO plans could pay 17.9 percent more.
Aetna noted that rates could go up and others could go down for individual businesses, depending on characteristics of their employees.
"The exact rate change will depend on what benefit plan the group chooses, when the group's contract renews, the age, gender and family size for enrolling employees, and where in
Aetna was required to file with the federal
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