Stung by the reality of more older-sicker than younger-healthier customers signing up for their policies, Obamacare health insurers are seeking some whopping premium increases for 2017.
From what’s publicly available, for example, Humana in Georgia is seeking a 65.2 percent increase, according to today’s Wall Street Journal. In nearby Florida, Blue Cross and Blue Shield wants a relatively more modest 14 percent hike. Highmark in Pennsylvania falls in the middle at 38.4 percent.
Among rate requests that have been so far published, only Vermont shows a hike less than 10 percent.
Proposed rate hikes have to be approved by state regulators, so the final increases won’t really be known until the Affordable Care Act (ACA) exchanges open for business on Nov. 1.
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