Post by Logan on Jun 15, 2016 2:02:40 GMT -6
BOISE – Idaho health insurers said they want to raise premiums an average of 27 percent next year because they are losing money.
It would mean the second year in a row of double-digit increases for some plans. The Idaho Statesman reported.
Six companies sell health insurance plans for individuals in Idaho, five of them on the state’s exchange. They proposed similar rate increases last year.
The companies said patients have needed more medical treatment and medical costs have been increasing, including the price of prescription drugs. On top of that, two federal programs created by the Affordable Care Act to help insurers weather unexpectedly high costs are set to expire this year.
Read more: www.spokesman.com/stories/2016/jun/14/idaho-insurers-plan-to-raise-premiums/
It would mean the second year in a row of double-digit increases for some plans. The Idaho Statesman reported.
Six companies sell health insurance plans for individuals in Idaho, five of them on the state’s exchange. They proposed similar rate increases last year.
The companies said patients have needed more medical treatment and medical costs have been increasing, including the price of prescription drugs. On top of that, two federal programs created by the Affordable Care Act to help insurers weather unexpectedly high costs are set to expire this year.
Read more: www.spokesman.com/stories/2016/jun/14/idaho-insurers-plan-to-raise-premiums/