Sunday, August 9, 2015

From the San Antonio express:
Price increase insurance carriers will pass along under the ACA. As all are >10% they must be approved by CMS first.
Humana Rio Grande Epox individual 29.7*
United Health care Off-exchange individual 22.77
BC/BS of TX 19.97
Humana - Choice Care PPO 17.75
Allegian Helath Plan Choice PPO 17.24
United HC compass 15.49
Humana HMOx Individual 10.11
Aetna, Ambettter, and Community First Health Plan did not see increases of 10+%.
*This plan is only sold in Hiladgo county TX.

"What surprise me is that their actuaries hadn't anticipated this more fully." Accounting Professor Forgione at UTSA. He hoped that prices would stabilize after 5 open enrollment cycles.

BCBS of TX cancelled the individual PPO b/c its expenditures exceeded its revenue by 400 MM [claims vs. premiums]. 367,000 people had that policy last year. Assurant will not be offering health insurance in 2016.

Arrows, Up, Upload, Red, Glossy image source pixabay.com

No comments: