By Jim Geraghty
Friday, October 07, 2016
From the last Morning Jolt of the week:
Here’s Why Democrats Aren’t Talking About Health Care This Year
Let’s check in on how the
Affordable Care Act is doing out there in the states.
Sorry about those premium
hikes, Delawareans!
Insurance Commissioner Karen
Weldin Stewart has approved an average rate increase of 32.5 percent in the
individual market for Highmark Blue Cross Blue Shield of Delaware, which has
the vast majority of the individual market share in Delaware. That follows an
average premium increase of 22.4 percent for individual Highmark plans this
year.
Aetna Life Insurance Co. received
approval for an average 22.8 percent increase in the individual market, while
Aetna Health Insurance Co. received an average increase of 23.6 percent. That
follows increases of just under 17 percent for this year.
Sorry about the lack
of options, Iowans!
Iowa’s state insurance division
said residents in 13 rural counties who want to buy subsidized health insurance
under the Affordable Care Act will have just one provider to choose from for
2017.
Minnesota-based Medica is the only
health insurer that has agreed to sell individual policies throughout the state
via the Affordable Care Act’s online marketplace. The marketplace was touted as
a way to encourage competition among health insurers.
About 55,000 Iowa residents bought
individual health insurance policies for 2016 in the marketplace, and most had
incomes low enough to qualify for subsidies, which come as tax credits, the Des
Moines Register reported.
Sorry you had to pay giant premium
hikes and still
lost your plan, Tennesseans!
After losing nearly $500 million
on its individual health plans offered through the Affordable Care Act over the
past three years, Tennessee’s biggest health insurer isscaling back its
participation in the so-called ObamaCare program, even after regulators granted
the company a record 62 percent rate hike for next year.
BlueCross BlueShield of Tennessee
said Monday it is withdrawing its individual exchange plans next year in
Memphis, Nashville and Knoxville to help limit the risks of additional losses
for the Chattanooga-based insurer.
BlueCross will continue to offer
individual health plans under ObamaCare in 65 of Tennessee’s 95 counties…
Sorry about the reduced work week
and smaller
paychecks, Wisconsin!
UW-Madison is cutting the work
week of its student employees to no more than 29 hours to conform to
requirements of the Affordable Care Act, a move some student workers say will
make it harder for them to stay in school.
“With less hours, many students
will have to juggle two jobs, and that will definitely hurt academic success,”
undergraduate student worker Reid Kurkerewicz said in comments provided by the
Student Labor Action Coalition (SLAC).
If you liked your plan… sorry you can’t
keep your plan, Nebraskans!
Blue Cross Blue Shield of Nebraska
has announced that it will not sell individual health insurance in Nebraska on
the marketplace under the Affordable Care Act.
The decision from the state’s
largest insurer came on Friday due to the company sustaining losses. The
decision will affect roughly 20,000 Nebraskans.
New Jerseyans… you
know the drill.
Health Republic Insurance of New
Jersey, one of 23 nonprofit
consumer-operated and -oriented health plans established under the Affordable
Care Act, has agreed to be taken over by regulators because of its “hazardous
financial condition,” the New Jersey Department of Banking and Insurance said
Monday.
Health Republic, which insures
35,950 people under individual and small-group plans, will continue paying
claims this year while under rehabilitation by regulators, but will not offer
plans for 2017.
Before the Health Republic
announcement, 16 of the 23 co-op plans had failed nationwide, as losses
mounted.
President Obama calls the
Affordable Care Act, “a huge success, but it’s got real problems.” Some might
argue those two assessments are contradictory.
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