Premiums Continue To Increase After Trump & Republican Sabotage
July 30, 2018
A majority of voters oppose Trump and Republicans’ health care sabotage that has already led to millions more uninsured Americans and is causing premiums to skyrocket. That is why voters overwhelmingly trust Democrats over Republicans and President Trump on health care. See for yourself:
Across the country, Republican sabotage has pushed insurers to hike their rates:
NEW JERSEY: Democrats in New Jersey took action against Trump and Republican sabotage, managing to hold off a double-digit average rate hike.
NJ Dept. of Banking and Insurance: “‘Carriers were clear that without state action, the average increase requested in the individual market would have more than doubled,’ said Department of Banking and Insurance Commissioner Marlene Caride… Despite the federal actions, New Jersey’s work to stabilize its insurance market has significantly moderated requested rate increases. On average, carriers have approximated that rate requests would have been 6.8 percent higher if the individual mandate had not been continued in New Jersey.”
VIRGINIA: Virginia insurers requested significant premium hikes, some by as much as 64 percent, and cited Trump and Republican sabotage as a factor.
WVTF: “The cost of health insurance is going up more than 13% for those in the individual market who get their health insurance through the Affordable Care Act.”
The Hill: “Two of Virginia’s ObamaCare insurers are requesting significant premium hikes for 2019, according to initial filings released Friday. Both Cigna and CareFirst BlueCross BlueShield cited policies advocated by the Trump administration, including the repeal of ObamaCare's individual mandate, as part of its justifications for the increases. Cigna is proposing an average premium increase of 15 percent for its 103,264 customers in Virginia, with a range of increases from 6.4 percent to 40 percent. CareFirst is proposing a 64 percent increase for its approximately 4,500 customers in the commonwealth, citing an increase in sicker people entering the marketplace.”
CONNECTICUT: Connecticut insurers proposed double-digit premium increases on average as a result of Trump and Republican sabotage.
Washington Examiner: “Health insurers in Connecticut have proposed to increase premiums for 2019 by an average of 12.3 percent for Obamacare plans, though there is a wide gap between the requests. … They cite the Trump administration's actions to offer plans outside Obamacare's rules and the GOP's tax bill, which in 2019 will eliminate the fine for going uninsured.”
CALIFORNIA: California insurers requested premium increases that are double what they would have been without Trump and Republican sabotage.
Sacramento Bee: “Covered California announced Thursday that it expects to increase its health insurance premiums by a statewide average of 8.7 percent in 2019, double what it would have been if Congress had not dropped a tax penalty that encouraged U.S. citizens to maintain health insurance.”
INDIANA: Indiana insurers are requesting premium increases up to double digits as a result of Trump and Republican sabotage.
Indianapolis Star: “The Trump administration argues it wants to give consumers more choices, including going without coverage and buying cheaper plans that don’t include all the benefits required by the Affordable Care Act. Insurance companies say that will pull the healthier people out of the Obamacare market, leaving them with a more expensive pool of patients to cover next year. By contrast, CareSource says it could cut premiums by 10 percent if all the young and healthy Hoosiers eligible for Obamacare plans sign up next year. Instead, CareSource is seeking an average 10 percent increase in premiums, according to its rate request recently filed with the Indiana Department of Insurance.”
KENTUCKY: Kentucky insurers requested premium rate increases of as much as nearly 20 percent.
WYMT: “CareSource submitted a request for a rate increase of 19.4 percent for 12 plan offerings.”
FLORIDA: Florida insurers proposed rate increase of an average of nearly nine percent.
South Florida Sun Sentinel: “In all, rate increases proposed by eight companies offering ACA-compliant plans on and off of the exchange, average 8.8 percent, according to a news release by the state office late Friday afternoon.”
NEW YORK: New York insurers requested premium increases averaging 24 percent in the individual market.
Syracuse.com: “Many New York health insurers who sell individual policies say they will need double-digit premium increases next year because of the Trump administration's repeal of Obamacare's individual mandate penalty. Fourteen insurers serving the individual market have filed 2019 rate hike requests with the state Department of Financial Services averaging 24 percent.”
WASHINGTON: Washington health insurers proposed a 19 percent average individual rate increase.
Washington Examiner: “Health insurers are asking Washington state regulators to allow them to raise the price of Obamacare premiums in 2019 by an average of 19 percent. [….] State Insurance Commissioner Mike Kreidler blamed the Trump administration's changes to Obamacare for the increases.”
RHODE ISLAND: Rhode Island insurers requested double-digit premium hikes.
WPRI: “Rhode Island's commercial health insurers are hoping to increase rates by double-digits next year in some cases, according to the R.I. Office of the Health Insurance Commissioner.”
VERMONT: Vermont insurers have requested annual rate increases of up to 10.9 percent.
Vermont Business: “Blue Cross Blue Shield of Vermont (BCBSVT) is requesting an average annual rate increase of 7.5% over 2018 rates, while MVP Health Care (MVP) is requesting a 10.9% average annual rate increase.”
OREGON: Oregon insurers requested average premium rate hikes of up to 14.3 percent.
Portland Tribune: “Oregonians who buy their own health coverage will see significant premium hikes, as carriers react to Trump administration changes and rising health care costs. Federal subsidies hold down premiums for about half of Oregonians. But for others, the state's three largest carriers, Providence, Kaiser and Moda, have proposed average rate hikes ranging from 6.4 percent to 14.3 percent in the individual market.”
MARYLAND: Maryland health insurers have requested massive premium increases, by an average rate of 30 percent.
Washington Post Wonkblog: “CareFirst Blue Cross Blue Shield requested an 18.5 percent increase on the HMO plans used by the vast majority of its individual plan members — and a whopping, 91.4 percent increase on its PPO plans. Kaiser Permanente requested a 37.4 percent increase on its HMO plans. The average rate increase requested, across insurers and plans, was 30 percent.”
Health care premiums are expected to continue to surge in markets across the country, by as much as 94 percent over the next 3 years, because of Trump’s health care sabotage.
Washington Post: “Insurance premiums for Affordable Care Act health plans are likely to jump by 35 to 94 percent around the country within the next three years, according to a new report concluding that recent federal decisions will have a profound effect on prices.”