Thursday, September 10, 2015

ACA/Obamacare: So You’ll Save $2,500 Per Year? Maybe Not So Much

“Insurers have asked for double-digit rate increases for nearly 1 out of every 3 Obamacare plans that will be sold on for 2016 coverage, according to a new analysis.

And in three states—Delaware, South Dakota and West Virginia—every plan sold on is asking for 10 percent or more hikes in the prices of their premiums for next year, said in its report.”

“Existing Obamacare customers in six other states on that federally run marketplace, which serves two-thirds of the United States, could also be in for a rude awakening come November when open enrollment resumes.

In those other six states, a majority of plans are requesting double-digit hikes, ranging from Montana, where 86 percent of the plans have asked for such increases, down to North Dakota, where 67 percent of the plans are doing so.

"The natural reaction [for those customers] is: They're going to be surprised," said Sam Gibbs, executive director of

"In some of these states, there's going to be a strong reaction to it," said Gibbs.

AgileHealthInsurance's analysis found that 7 percent of the Obamacare plans sold on are asking for rate hikes of at least 30 percent, while 14 percent of such plans are asking for increases of at least 20 percent. “ - Obamacare's many double-digit price hikes for next year, CNBC, 09/05/2015

Link to the entire article appears below:




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