Nonsequitur: Large Rate Increases for Healthcare in 2016

May 22, 2015

“…we’ll tell them they can keep their plans…”

Under Obamacare, health insurers who are planning a rate increase of more than 10% must notify the administration why they are doing so. Several of the largest insurers are planning rate increases well above that, ranging from 25% (Moda of Oregon) to 51% (Health Care Service Corp of New Mexico). The reason is simple – more patients on their plans who are sicker and requiring more expensive treatment. (Surprised?) Unfortunately, under Obamacare, the feds cannot prevent insurers from making their desired rate increase. Read more here.

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One Response to “Nonsequitur: Large Rate Increases for Healthcare in 2016”

  1. […] are insurers raising premium rates, sometimes by as much as 50%? Because their administrative costs are increasing under Obamacare, […]

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