Wednesday, July 30, 2014
Blue Cross Of Louisiana Blames Affordable Care Act For Rate Increases
State insurance carriers are in the process of announcing rates for 2015. It appears the normal increase is going to be double digit amounts, but how much will consumers be expected to pay next year? Health and Human Services says they expect enrollment to double under the Affordable Care Act from 2014 to 2015. This new enrollment is expected to bring on "healthier people". They project this will lower premiums in the future.
Each states insurance department will review the proposed rate increases to make sure increases are inline with expected claims.
Blue Cross and Blue Shield of Louisiana services primarily individual enrollees rather than those insured through employee benefits. Three of the four Louisiana Insurance companies will be asking to increase rates by double digits on certain plans.
Read more here
Posted by C. M. Elkins at 9:06 AM