Indiana's Obamacare rates for 2015 all over the map

[toubab]

"Initial 2015 premiums filed for the Obamacare exchanges in Indiana ranged from as high as a 46-percent hike to as low as a 9-percent cut.

Those are the average changes in premiums proposed by the four health insurers that sold plans on the Obamacare exchange for 2014, according to their filings this month with the Indiana Department of Insurance. Depending on the plans customers choose, the changes could be significantly more or less.

Anthem Blue Cross and Blue Shield, the state’s largest insurer, wants to raise premiums an average of 9.7 percent—which it characterized as in line with its expectations before the launch of the Obamacare exchanges. Anthem's average premium next year is expected to be $5,935 per person.

“We’re really not surprised by how the experience played out,” said Anthem spokesman Tony Felts. The average age of Anthem’s individual customers this year is 42—a bit older than it experienced before the new Obamacare rules and exchanges took effect Jan. 1. But, Felts noted, “We went to the market with pricing that reflected that view.”

Older customers caused more problems for Fort Wayne-based Physicians Health Plan of Northern Indiana, which proposed the highest average premium increases of 46 percent. Its minimum requested premium increase is 31 percent and its maximum requested increase is 59 percent."

http://www.ibj.com/indianas-obamacare-rates-for-2015-all-over-the-map/PARAMS/article/47754

It's going to get interesting, folks.

 

[RobDownSouth]

All part of the Free Market, chum.

 

[toubab]

All part of the Free Market, chum.

Ain't it great?

 

[Skiddles2014]

"Initial 2015 premiums filed for the Obamacare exchanges in Indiana ranged from as high as a 46-percent hike to as low as a 9-percent cut.

Those are the average changes in premiums proposed by the four health insurers that sold plans on the Obamacare exchange for 2014, according to their filings this month with the Indiana Department of Insurance. Depending on the plans customers choose, the changes could be significantly more or less.

Anthem Blue Cross and Blue Shield, the state’s largest insurer, wants to raise premiums an average of 9.7 percent—which it characterized as in line with its expectations before the launch of the Obamacare exchanges. Anthem's average premium next year is expected to be $5,935 per person.

“We’re really not surprised by how the experience played out,” said Anthem spokesman Tony Felts. The average age of Anthem’s individual customers this year is 42—a bit older than it experienced before the new Obamacare rules and exchanges took effect Jan. 1. But, Felts noted, “We went to the market with pricing that reflected that view.”

Older customers caused more problems for Fort Wayne-based Physicians Health Plan of Northern Indiana, which proposed the highest average premium increases of 46 percent. Its minimum requested premium increase is 31 percent and its maximum requested increase is 59 percent."

http://www.ibj.com/indianas-obamacare-rates-for-2015-all-over-the-map/PARAMS/article/47754

It's going to get interesting, folks.

Say again now?

 

[toubab]

Say again now?

Each company files its own proposal.

 

[Sean Renaud]

Each company files its own proposal.

That's not how an average works. So right out the gate the author isn't making sense.

 

[toubab]

That's not how an average works. So right out the gate the author isn't making sense.

The average increase or decrease for each company is different, ranging from a 46% increase to a 9% decrease.

 

[garbage can]

"Initial 2015 premiums filed for the Obamacare exchanges in Indiana ranged from as high as a 46-percent hike to as low as a 9-percent cut.

Those are the average changes in premiums proposed by the four health insurers that sold plans on the Obamacare exchange for 2014, according to their filings this month with the Indiana Department of Insurance. Depending on the plans customers choose, the changes could be significantly more or less.

Anthem Blue Cross and Blue Shield, the state’s largest insurer, wants to raise premiums an average of 9.7 percent—which it characterized as in line with its expectations before the launch of the Obamacare exchanges. Anthem's average premium next year is expected to be $5,935 per person.“We’re really not surprised by how the experience played out,” said Anthem spokesman Tony Felts. The average age of Anthem’s individual customers this year is 42—a bit older than it experienced before the new Obamacare rules and exchanges took effect Jan. 1. But, Felts noted, “We went to the market with pricing that reflected that view.”

Older customers caused more problems for Fort Wayne-based Physicians Health Plan of Northern Indiana, which proposed the highest average premium increases of 46 percent. Its minimum requested premium increase is 31 percent and its maximum requested increase is 59 percent."

http://www.ibj.com/indianas-obamacare-rates-for-2015-all-over-the-map/PARAMS/article/47754

It's going to get interesting, folks.

That's almost 12K per year for a couple. What if they have 3 kids....say 17, 20 and 23?

 

[toubab]

That's almost 12K per year for a couple. What if they have 3 kids....say 17, 20 and 23?

They better have a nice income, or a lot of savings. Either that, or somehow have the taxpayers pick up a lot of it.

 

[Sean Renaud]

The average increase or decrease for each company is different, ranging from a 46% increase to a 9% decrease.

That's an awkward way of wording it. Most likely intentional. More data is needed.

That's almost 12K per year for a couple. What if they have 3 kids....say 17, 20 and 23?

Tough cookies.

They better have a nice income, or a lot of savings. Either that, or somehow have the taxpayers pick up a lot of it.

Well they do get subsidies. Are these averages before or after subsidies since that's a fairly huge deal.

 

[toubab]

That's an awkward way of wording it. Most likely intentional. More data is needed.



Tough cookies.



Well they do get subsidies. Are these averages before or after subsidies since that's a fairly huge deal.

That's not clear, but the good thing from the viewpoint of the insurance companies is it doesn't matter. They don't care. Somebody has to pay. That's all they care about.

 

[RobDownSouth]

That's almost 12K per year for a couple. What if they have 3 kids....say 17, 20 and 23?

Averages are tricksy, Garby.

(Anthem's) averages will be far different from customers’ actual premiums, which will vary widely based on their age and smoking habits, and a small amount based on the part of Indiana where they live.

Those actual rates look like they’ll come in higher than in many other states, according to an analysis released last week by California-based Kaiser Family Foundation.

“From my review of the Marketplace insurance filings in Indiana, it appears that the average individual premium will not be higher because of the law despite the fact that coverage will be more complete and people cannot be rejected for coverage,” wrote Dave Kelleher, president of HealthCare Options, in an emailed statement. “Although the premiums in Indiana are higher than in a number of other states, on balance, this is good news for most Indiana consumers."

Kelleher’s findings are at odds with the message sent out in July by the Indiana Department of Insurance when it announced Obamacare would drive up individual premiums in Indiana by 72 percent.

Analysis: Obamacare exchanges will push Anthem's premiums lower

Remember teh Doom 'n Gloom about premiums from Rethuglicans? Back before Obamacare became Reagancare?

 

[Sean Renaud]

That's not clear, but the good thing from the viewpoint of the insurance companies is it doesn't matter. They don't care. Somebody has to pay. That's all they care about.

It's a huge deal. I don't really care about the viewpoint of the insurance companie son this much at all. I care about the average Americans. If there are states where everything went as planned with no Republican refusing to expand Medicaid or any of that and the rates went up 46% after subsidies we need to re-examine this thing and figure out what the fuck happened and why. If it went up 46% before subsidies but after is on par or with normal growth we've still got an issue but not as big of one, if it went down then full steam a head.

 

[toubab]

Averages are tricksy, Garby.



Analysis: Obamacare exchanges will push Anthem's premiums lower

Remember teh Doom 'n Gloom about premiums from Rethuglicans? Back before Obamacare became Reagancare?

"Kelleher’s findings are at odds with the message sent out in July by the Indiana Department of Insurance when it announced Obamacare would drive up individual premiums in Indiana by 72 percent. That’s because the insurance department analyzed Anthem’s filing based on the total amount of claims its plans could pay, based on the benefits that Obamacare will require them to cover."

 

[toubab]

It's a huge deal. I don't really care about the viewpoint of the insurance companie son this much at all. I care about the average Americans. If there are states where everything went as planned with no Republican refusing to expand Medicaid or any of that and the rates went up 46% after subsidies we need to re-examine this thing and figure out what the fuck happened and why. If it went up 46% before subsidies but after is on par or with normal growth we've still got an issue but not as big of one, if it went down then full steam a head.

So you don't care how much the insurance companies charge, as long as the taxpayers foot the bill for lower income people, or most of it?

 

[Sean Renaud]

So you don't care how much the insurance companies charge, as long as the taxpayers foot the bill for lower income people, or most of it?

Largely I don't. We can fix that later. Capitalism and all that.

 

[toubab]

Largely I don't. We can fix that later. Capitalism and all that.

Music to their ears.

 

[Sean Renaud]

Music to their ears.

Why? It's annoying they are may be scalping the tax payer but until we get some better controls in this country I don't see an alternative.

 

[toubab]

Why? It's annoying they are may be scalping the tax payer but until we get some better controls in this country I don't see an alternative.

Better controls? Meaning what?

 

[garbage can]

It sounds like Indiana was better off before Obama care, and I suspect when all is said and done, the nation will be better off without Obamacare.

 

[Sean Renaud]

Better controls? Meaning what?

Meaning better controls. Single Payer, price controls, new copyright laws. Whatever teh fuck it takes.

 

[Amberchgo]

Obama said he'd save everyone $2,400. And we all know he never lie to us. Especially about ObamaCare.

 

[Amberchgo]

Meaning better controls. Single Payer, price controls, new copyright laws. Whatever teh fuck it takes.

Like the single payer VA plans. Just like those.

 

[Sean Renaud]

Obama said he'd save everyone $2,400. And we all know he never lie to us. Especially about ObamaCare.

No he didn't. But thanks for bringing up more bullshit.

Like the single payer VA plans. Just like those.

Yep. Like the VA. We can do better than the VA obviously but if it's VA for everybody or stick to the current system it's a no fucking brainer.

 

[toubab]

Meaning better controls. Single Payer, price controls, new copyright laws. Whatever teh fuck it takes.

Single payer? You must be joking. Obama passed on that, and it sure as hell isn't happening now that we have Obamacare. That ship has sailed.