Louisiana Insurers Seek Double-Digit Rate Hikes On Obamacare Policies
Meanwhile, in Iowa, Wellmark will seek a 6 percent increase in premiums for its longtime customers, which is dramatically lower than the rate hike it requested last month for newer customers who gained coverage after the federal health law took effect.
New Orleans Times-Picayune:
Louisiana Insurers Among Those Seeking Obamacare Rate Hikes
Louisiana's largest health insurer is among a group asking for double-digit rate hikes on individual policies, the latest sign the Affordable Care Act is not preventing jumps in health care prices as hoped. The proposed rate hikes affect many of the more than 214,000 Louisiana residents who got coverage through federal insurance marketplaces this year. (Larino, 6/7)
The Des Moines Register:
Wellmark Plans 6% Increases For Longtime Customers
Wellmark Blue Cross and Blue Shield, which dominates Iowa’s health insurance market, plans to raise premiums by about 6 percent next year for 88,800 Iowa customers who bought individual policies before 2014. That proposed increase, filed with state regulators Wednesday, is much less than the 38 percent to 43 percent increases Wellmark proposed last month for 30,000 Iowa customers who bought newer health insurance policies. (Leys, 6/8)
