Some parts of the US will see ObamaCare-related premiums double in some parts of the country next year, contradicting claims recently made by the administration.<\/p>\n
The rate hikes will be announced in the coming months.<\/p>\n
Health and Human Services (HHS) Secretary Kathleen Sebelius has confirmed that rates will increase in 2015 but, also says they will grow more slowly than in the past.<\/p>\n
\u201cThe increases are far less significant than what they were prior to the Affordable Care Act,\u201d the secretary said in testimony before the House Ways and Means Committee.<\/p>\n
Her statement has confused insurance executives, who said it runs counter to the industry\u2019s consensus about next year.<\/p>\n
\u201cIt\u2019s pretty shortsighted because I think everybody knows that the way the exchange has rolled out \u2026 is going to lead to higher costs,\u201d said one senior insurance executive who requested anonymity.<\/p>\n
One insurance official said his company expects to triple its rates next year on the ObamaCare exchange.<\/p>\n
Where the Hikes Will Hit Larger states (with more electoral votes) will likely continue to enjoy low rates in order to remain competitive.<\/p>\n Insurers will start filing their rate proposals with state officials soon.<\/p>\n Then this summer, insurance commissioners will approve and release the rates to the general public. \u00a0Insurers may also leak their rates earlier as a political statement.<\/p>\n In some states, commissioners have the authority to deny certain rate increases, which could help prevent the most drastic hikes.<\/p>\n Either way, there will be a slew of bad headlines for the Obama administration just months before the election.<\/p>\n","protected":false},"excerpt":{"rendered":" Some parts of the US will see ObamaCare-related premiums double in some parts of the country next year, contradicting claims recently made by the administration. The rate hikes will be announced in the coming months. Health and Human Services (HHS) Secretary Kathleen Sebelius has confirmed that rates will increase in 2015 but, also says they […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"yoast_head":"\n
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\nThe hikes are expected to vary by region, state and carrier. \u00a0Those areas with older, sicker or smaller populations (with fewer electoral votes) are likely to be hit hardest, while others might not see substantial increases at all. \u00a0For example: Iowa, which has a competitive Senate race this year, will see rates rise 100% on the exchange and by double digits on the larger, employer-based market.<\/p>\n