Health insurers are proposing to raise Obamacare rates more than in the past - some by more than 70 percent - now that they are finally equipped with all the information they need to price those plans.
Plans wanting to raise rates by at least 10 percent next year posted the proposed increase online Monday, as required by the 2010 healthcare law. Insurers are allowed to raise rates each year, but they must publish significant increases ahead of time.
Insurers have sold plans in the law's new insurance marketplaces for two years in a row. But the difference in 2016 is that for the first time, they have a full year of claims data from enrollees that tells them how high or low to set the price tag.
'This is the first time that insurers have access to a full year of claims under the (Affordable Care Act) in order to project premiums,' Kaiser Family Foundation analysts Larry Levitt, Gary Claxton and Cynthia Cox wrote in a blog post Monday.
(Excerpt) Read more at washingtonexaminer.com ...
