Double-digit premium hikes for O-Care insurance in Louisiana, Iowa

Double-digit premium hikes for O-Care insurance in Louisiana, Iowa

[Ed. – But the rate of acceleration of the increase in medical costs has slowed!  Thus saith Obama.  Now, if it has, that’s because there’s less actual medicine happening than there was before 1 January 2014.   When fewer people are treated, less money will be spent.  That’s what “bending the cost curve down” always meant, class.]

In Louisiana, 2015 plans will be much costlier, according to The Times-Picayune. Blue Cross Blue Shield of Louisiana, the exchange’s largest insurer, is increasing prices 18.3 percent to 19.7 percent for three different plans. More than 50,000 customers are currently covered by those plans. However, the insurer isn’t hiking rates on customers with narrowed networks in New Orleans, Baton Rouge or Shreveport.

Humana will up its exchange premium rates by 9.9 percent, after backing down from its initial proposal of 15.5 percent. Vantage Health Plan, like Blue Cross Blue Shield, is going ahead with its initial proposal, a 15.89 percent hike.

Iowa also approved large rate hikes Thursday. CoOportunity adjusted its premium hikes up to 19 percent on average. The other top exchange insurer, Coventry will increase rates by 8.7 percent.

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