Health Insurers Raise Rates Bigtime Despite ObamaCare
California, Florida, and Ohio see double-digit increases
By Neal Colgrass, Newser Staff
Posted Jan 6, 2013 3:30 PM CST
President Barack Obama pauses as he speaks to reporters about the fiscal cliff in the Brady Press Briefing Room at the White House in Washington, Friday, Dec. 21, 2012.   (AP Photo/Charles Dharapak)

(Newser) – America's health insurers are raising rates by up to 26% despite the fact that President Obama was dead-set on curbing such increases, the New York Times reports. California's Anthem Blue Cross, Aetna, and Blue Shield of California have proposed increases of 26%, 22%, and 20%, respectively, on certain customers, while insurers in states like Florida and Ohio have increased some people's rates by at least 20%. "This is business as usual," says California Insurance Commissioner Dave Jones. "It’s a huge loophole in the Affordable Care Act."

ObamaCare does require that regulators examine any request for a double-digit rate increase, but only in 37 states can the regulators actually deny or decrease rates (one such state, New York, roughly halved a proposed increase to 4.5%). Consumer advocates say health-care costs don't justify big increases, but insurers insist that medical costs for some customers are far outpacing that of the average policy holder. And federal regulators argue that ObamaCare has at least limited insurance premiums, while capping profits and getting rebates from insurers who overcharge.

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Showing 3 of 88 comments
Bill Inaz
Jan 8, 2013 7:01 AM CST
The reason healthcare costs are a problem is because the cost of healthcare now has nothing to do with the cost of healthcare.
AmericanEmpire
Jan 8, 2013 1:27 AM CST
The only utopia is to give the country back to the people. One day our goverment will be marginalized. A great day that will be
cornelison
Jan 7, 2013 7:59 PM CST
You mean all that ass-kissing Republicans do to the health insurance companies was a waste of time? Before passing judgement on The President, lets wait for the facts.