Wednesday, July 2, 2014

Rising Healthcare Premiums

Rising Healthcare Premiums: "n nine of the 10 states that have filed their proposed 2015 insurance rates, the largest health insurers are increasing premiums between 8.5 percent and 22.8 percent for next year, reports the Wall Street Journal.

These proposals are a reflection of rising prescription-drug costs, medical inflation (around 5.4 percent for 2014) and the ACA's fees and coverage mandates, according to insurance companies. Notably, in the 10 states that have filed rate proposals, the insurers with the largest enrollments for 2014 are the ones who offered the lowest, or second-lowest, health insurance prices. Now, having gained market share, these insurers feel that they can raise rates. "



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