First Obamacare premium notices for 2015 show double-digit increases

Shutterstock.com

Article Highlights

  • The first Obamacare rate increases for 2015 have been posted on-line.

    Tweet This

  • Washington State and Virginia posted the proposed rate increases for their exchanges on-line.

    Tweet This

  • In Washington state, Obamacare enrollment-weighted average rate increase is 9.6%. In Virginia, it’s 11.7%.

    Tweet This

The first Obamacare rate increases for 2015 have been posted on-line. The figures come from two states, Washington State and Virginia, which posted the proposed rate increases for their exchanges on-line. In Washington State, the enrollment-weighted average rate increase is 9.6%. In Virginia, it’s 11.7%.

Washington State’s average premium increase across all of its Obamacare plans is 6.4%. But the state is one of a handful that report exchange enrollment by plan. So the more meaningful statistic is the enrollment weighted average increase, since this measures the real impact on consumers. And that figure is 9.6%.

The health plan Centene, for example, which has enrolled 17% of consumers entering the Washington State exchange, is raising its 2015 rates by 11.2%. This puts the health plan toward the high end of the range. In Washington State, most of the plans offering products next year are the same insurers in the market this year. In all, there are only four new entrants in the state’s exchange market for 2015.

In Virginia, the highest premium hike is courtesy of Humana, which is proposing to raise its premiums by 22.4% next year. Wellpoint is seeking an increase of 8.5%. Aetna, which also participates in the state’s exchange, hasn’t posted its rates yet. Only two new plans will be entering the Virginia market next year.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Scott
Gottlieb

What's new on AEI

Holder will regret his refusal to obey the Constitution
image 'Flood Wall Street' climate protesters take aim at their corporate allies
image 3 opportunities for better US-India defense ties
image Is Nicolás Maduro Latin America's new man at the United Nations?
AEI on Facebook
Events Calendar
  • 29
    MON
  • 30
    TUE
  • 01
    WED
  • 02
    THU
  • 03
    FRI
Thursday, October 02, 2014 | 9:00 a.m. – 10:30 a.m.
Campbell Brown talks teacher tenure

We welcome you to join us as Brown shares her perspective on the role of the courts in seeking educational justice and advocating for continued reform.

Event Registration is Closed
Friday, October 03, 2014 | 12:00 p.m. – 1:00 p.m.
Harnessing the power of markets to tackle global poverty: A conversation with Jacqueline Novogratz

AEI welcomes you to this Philanthropic Freedom Project event, in which Novogratz will describe her work investing in early-stage enterprises, what she has learned at the helm of Acumen, and the role entrepreneurship can play in the fight against global poverty.

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.