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Florida Blue Health Exchange Customers To See Rate Hike
August 4, 2014
Florida Blue plans to increase rates by an average of 17.6 percent next year for customers who buy coverage through the federal Affordable Care Act’s health-insurance exchange, Kaiser Health News reported.
The insurer, formerly known as Blue Cross and Blue Shield of Florida, pointed to a large number of older adults buying coverage through the exchange. Those adults often have higher medical costs than younger, healthier people.
But the Jacksonville-based insurer also noted that premiums in the individual-insurance market have seen a series of double-digit increases in recent years, regardless of the exchange.
“In the individual market, this type of average rate increase is typical,” Florida Blue CEO Patrick Geraghty told Kaiser Health News. State insurance regulators are expected to release rate information for all companies next week.
Comments
6 Responses to “Florida Blue Health Exchange Customers To See Rate Hike”
What a shock that insurance companies, who raise their rates every year, are raising their rates. Are you ready for single-payer yet?
There is NOTHING affordable about the affordable care act!!!
This TAX was illegally proposed and passed. Now we see – if there were any doubts – that the name itself – “AFFORDABLE Care Act” – was a lie, too!
For those of you who voted him in office, don’t complain. This is YOUR fault.
I think it is more affordable for the ones getting the insurance. The problem is that it is more expensive for the ones paying for the insurance.
David for recognizing reality
17% increase? Wow! Good ol obama care. What a rip off.
This is what the Affordable Care Act should be for – Preventing this from happening! But once again the government is messing with our lives and is only shafting us.