I thought we created this monstrosity to make healthcare insurance more affordable? From MacIver:
Of the 87 Obamacare-compliant health insurance plans that reported rate changes to healthcare.gov, the average increase was 10 percent. Seventy-four plans requested increases, while 13 requested modest decreases.
The proposed 2017 double-digit price increases come on top of an 8.67 percent premium increase last year and a 17 percent increase in the cost of the deductible for silver plans.
“These products include plans which are compliant with all ACA requirements for inclusions on state and federal healthcare insurance exchanges. These plans have effective dates on or after January 1, 2014,” the website states. The 10 percent average is for plans whose rate changes would take effect on or after January 1, 2017.
The highest requested increase is a whopping 45.6 percent increase from Aetna for its small group indemnity plan. Aetna also requested a 38.8 percent rate hike for its preferred provider organization (PPO) plan.
Of the 87 plans, 15 requested an increase of 20 percent or more.Twenty plans requested an increase of between 10 and 19 percent. That means 35 plans, or 40 percent of all that requested a rate change, requested more than the 10 percent average.