The rates affect about 19, 000 individual plan members and 17, 000 small group members.
"Like much of the nation, we now have a better understanding of the health care needs of our members with ACA plans. We've been able to stabilize premiums and in some cases, even lower costs for HMSA members, " said
The rates for individual plans follows a decrease of 0.4 % this year and rate hikes of 19.8 % and 35 % in 2018 and 2017, respectively.
The state's largest health insurer, with 729, 068 members, reported a profit of
The health plan collected
"Much of our financial success can be attributed to the excellent physicians, hospitals, and pharmacies in the HMSA network who are keeping our members healthy and to the employer groups who work with us to make sure their employees and families have access to the care they need, " Marting said.
Meanwhile, Kaiser Permanente Hawaii is also lowering rates by 5.4 % for ACA individual health plans based on lower market risk. It is, however, raising rates by an average 7.5 % for small-business members.
Kaiser reported a
"These results are not unexpected for Kaiser Permanente Hawaii, and we're taking steps to address them, " she said. "We are developing a long-term strategic plan to lower our costs and ensure that we're meeting and exceeding our members' expectations for quality, serv ice and affordability."
"The decreased trends in medical costs, expected lower hospital utilization, and more accurate risk adjustment estimates may have positively impacted rates which is good news for consumers, " he said. "However,
The Insurance Division is still reviewing non-ACA health plan rates for 2020. Open enrollment for ACA medical coverage began
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