Wednesday, May 25, 2016

New York's Obamacare Exchange Premium Increases Ballooning

In 2015, insurers in New York requested premium increases of 12.5%.  State regulators only approved 5.7%.

In 2016, insurers requested 10.4%.  Regulators approved 7.1%.

Now, for 2017, insurers have requested 17.3%.

  Source: Bob Laszewski.

This does not factor in the additional metric of plan degradation, either.  Many folks are now seeing the brutal financial impact of deductible, copay and coinsurance inflation.

Call me crazy, but this certainly doesn't look like a $2,500 decrease per family.