obamacare rates

Health Insurance Costs to Increase by up to 71%

Alabama residents will see their rates increase by up to 71% in the next year! Rate increases will occur over a wide range for each insurance plan under Blue Cross Blue Shield, as shown in the table below:

Plan 2016 Increase Projected Member Months
Blue Choice Platinum 71% 62,900
Blue Access Gold 54% 137,000
Blue HSA Gold 37% 11,800
Blue Value Gold 30% 4,200
Blue Secure Silver 24% 338,000
Blue Saver Silver 6% 47,800
Blue Value Silver 27% 1,286,400
Blue Saver Bronze 8% 206,000
Blue HAS Bronze 4% 40,000
Blue Protect 8% 5,000

Each of these groups has claimed increased medical costs as the reason for the increase but have not provided any publicly accessible data to support this claim.

UnitedHealthcare has also requested to increase their average rate by 24.6% next year with some plans seeing an increase as high as 56%. Each of these groups has claimed increased medical costs as the reason for the increase but have not provided any publicly accessible data to support this claim.

The Centers for Medicare & Medicaid Services recently published the rate increase requests from Blue Cross Blue Shield of Alabama and UnitedHealthcare. This organization is required to review any rate increase request above 10% under the Affordable Care Act. The final deadline for filing a rate increase request is Tuesday so these rates are not yet set in stone. See the rates for yourself
(click “Search ACA-Compliant Products”).

2 thoughts on “Health Insurance Costs to Increase by up to 71%”

  1. I don’t know how they think people can afford these rates.
    Something has to be done so hard working people can afford healthcare.

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