July 3, 2014

New York health insurers seeking double digit hikes

NY Post - nsurance firms participating in New York’s ObamaCare health exchange are seeking double-digit hikes for patient medical premiums in 2015, new figures reviewed by The Post reveal.

The average hike sought by insurers for individual plans is 12 percent—but a number of firms serving large numbers of patients want to boost individual premiums by nearly 20 percent.

Leading the charge is Excellus Health Plan, which is seeking to sock more than 24,000 customers with a 19.7 percent hike.

The even larger MVP Health Plan, with nearly 33,000 customers, is seeking a 19 percent boost.


Anonymous said...

From the time of ACA's passage in 2009 insurers have been hiking rates, what else is new? The law created no effective moratoria prior to the 2014 roll-out.
Worse, in anticipation of the eventual passage of some form of federal law following the 1992 presidential election with its vapid promises of health reform, insurers have been ratcheting rates, limiting coverages, and boosting deductibles at an astounding pace.
My fellow Americans, we've been bamboozled, taken in by the legerdemain of that plutocratic invisible hand.
Thank Milton Friedman

Anonymous said...

My nevada Blue Cross premiums jumped $82 this month from $351 to $433. My premiums have been rising greater tahn 20% per year for the last 8 years.. Of course, we are told, there is no inflation.... Bernanke and now yellen are just liars