The 2017 ObamaCare Price Hikes Are Going To Have People Freaking Out…

…just in time for November’s election.

Having catalogued the abysmally high costs of ObamaCare for quite some time now, it is always with a mix of disgust and some sense of a ‘we-told-you-so.’

obamacare

However, here is another case in point (via the Motley Fool) that will likely have ObamaCare users freaking out.


Two weeks ago we took a brief look at Virginia and Oregon, two of the first states to make their insurers’ rate request hikes public. According to ACASignUps.net, insurers in Virginia and Oregon are requesting a weighted average rate hike of nearly 18% and 27%! For those hoping these early figures were anomalies, recent rate request publications from New York, Maine, Maryland, Florida, and Washington state prove otherwise.

  • New York: According to the New York State Department of Financial Services, insurers in New York are requesting hikes ranging from as low as 6.1% to as high as 89.1%, with a weighted average on the individual market of 17.3%. UnitedHealth, which only covers 2% of New York’s Obamacare enrollees, requested an increase of (and I hope you’re sitting down for this) 45.6%
  • Maine: Individual market insurance companies in Maine are requesting premium price increases predominantly ranging from 14% to 24%, with the Maine Community Health Options co-op, which insures more than 80% of the state’s ACA policyholders, requesting a whopping 22.8% premium hike. National insurers Aetna and Anthem are requesting hikes of around 14%.
  • Maryland: Much of the same can be seen in Maryland, where the largest individual market insurer, CareFirst BlueCross BlueShield, is requesting a 12.4% hike on its HMO plan, and 16% increases on two other plans. Mind you, this is after CareFirst received a 26% increase in premiums for 2016. National insurer CIGNA is asking for nearly a 30% premium price hike, while Evergreen Health Cooperative is on the other end of the spectrum asking for just an 8.1% increase.
  • Florida: Based on data from Florida officials earlier this month, 15 health insurers are looking for an average premium increase of 17.7% in the Sunshine State, which is basically double what was approved by regulators last year. 
  • Washington: Within my home state of Washington, 13 health insurers spanning 154 plans submitted average rate hike requests of 13.5%. These ranged from a low of 7.4% (Coordinated Care by Centene) to a high of 20% from Premera.

The aforementioned lone exception that I could find is Vermont, which only has two ACA insurance providers to begin with. BlueCross BlueShield of Vermont and MVP Health Plan proposed average premium increases of 8.2% and 8.8%, respectively.


Of course, if she becomes the Democrats’ nominee for President, Hillary Clinton may be the recipient of voters’ anger over the price increases.
Related:

[Emphasis added throughout.] Hat-tip: Vodka Pundit.

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