Obama Administration Urges States to Cut Health Insurers’ Requests for Big Rate Increases

by Larry Emmott on August 8, 2015

in General,Health Care Politics

OFrom NYT:

Hoping to avoid another political uproar over theAffordable Care Act, the Obama administration is trying to persuade states to cut back big rate increases requested by many health insurance companies for 2016.

In calling for aggressive regulation of rates, federal officials are setting up a potential clash with insurers. Some carriers said they paid out more in claims than they collected in premiums last year, so they lost money on policies sold in the new public marketplaces. After finding that new customers were sicker than expected, some health plans have sought increases of 10 percent to 40 percent or more.

NYT Article

It is just a bad over regulated plan that cannot work. There are better alternatives.

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