Skip to main content

President Barack Obama smiling and holding
He has more reasons to smile about Obamacare every day.
Here's one more nail in Republicans' rate hikes coffin. In Florida, no insurance company on the state's exchange has asked to increase its rates next year. Not one, so far.
Something unprecedented may be unfolding in Florida's individual health-insurance market: None of the nine companies that have filed their 2015 rate requests so far wants an increase.

In fact, two of the companies—Molina Healthcare of Florida and Sunshine Health—actually requested a price cut.

"The fact is, an overall pattern of insurers not seeking rate increases—and even seeking rate decreases—is unheard of," said Greg Mellowe, policy director for the consumer advocacy group Florida CHAIN.

The price cuts Molina and Sunshine are requesting are actually pretty significant, and average of 11.6 percent for Molina and 7.9 percent for Sunshine. There are still four days before the filings are finalized and official, so something could change between now and then, but it doesn't seem likely at this point. That means that not only will the people getting insurance through the exchange in Florida not get dinged with higher premiums next year, but neither will the federal government which is paying subsidies for the vast majority—91 percent—of those consumers.

So far, we've seen a lot of insurers applying to be on state exchanges and modest rate increases in most states. Not breaking people's bank accounts. Not ballooning the federal deficit. Let's see how long the Republicans' rate hike scare campaign continues.

Wed Jun 25, 2014 at 2:55 PM PT: Well, this is a bummer. The state messed up in releasing this information early.

Some of the insurers listed "zero" instead of their real intentions in order to keep them out of the public domain, OIR's spokesman Harvey Bennett said. It is legal for them to do that under a "trade secrets" statute, he said.

The companies provided the actual rate requests to OIR, but the agency will not make them public for several weeks, Bennett said. OIR will prepare a report later in the summer.

"We do have some decreases (in premium rates) but we also have some increases," he said.

Originally posted to Joan McCarter on Tue Jun 24, 2014 at 11:06 AM PDT.

Also republished by North & Central Florida Kossacks, DKos Florida, and Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site