Premium rate hikes by the state's largest health insurers:
The state Insurance Division, which regulates health plan rates, approved a 35 percent rate hike for
"The bad news is that obviously represents what everyone would recognize is a really incredible increase and unsustainable pattern," said Dr.
"My situation hasn't changed (from last year)," he said. "Another gold plan from HMSA which I've taken this year comes with a
Under the ACA, those with incomes low enough can qualify for federal subsidies to reduce the cost of coverage. The state didn't know the average subsidies
Health insurers are struggling with how to balance the pool of newly insured -- many of whom haven't had medical care in years -- with the population of healthier members to control premiums.
"What's happened here is that the people who are signing up for the ACA in
"We've all been working to stabilize the costs of these plans," she said. "Other states are struggling with this as well. In
The higher rates don't affect Akamai Advantage members or those in pre-ACA policies (sometimes referred to as grandmothered or grandfathered health plans), or people who are covered through their employers.
A 40-year-old nonsmoker in the lowest-cost Obamacare plan currently pays
HMSA proposed an average 49.1 percent rate hike -- the highest it ever requested -- for 2016 Obamacare plans, but the state reduced the increase to 27.3 percent. Kaiser, which has 249,000 members, proposed an 8.7 percent premium hike for this year but was granted a 34.4 percent increase by the Insurance Division. The division decided the Kaiser request was too low to cover costs.
"Health care costs continue to rise at a significant pace, while health care utilization in ACA plans continue to be extremely high, not only in
Open enrollment for consumers to change health plans starts
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