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Good News: CA ACA 2015 premium rates
Old 08-01-2014, 09:29 AM   #1
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Good News: CA ACA 2015 premium rates

California is projecting modest ACA rate hikes for 2015:

California Projects Very Modest Obamacare Rate Hikes in 2015 | Mother Jones

No telling how rates will trend long term. But this is a great early indicator for 2015 rates.
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Old 08-01-2014, 10:08 AM   #2
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All the plans at a particular level seem to have the same coverage, in terms of deductibles and co-payments.

So why are the premiums priced so differently?

Sometimes the same carrier has two bronze or silver plans with difference prices. The ones that allow HSA seem to be higher?
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Old 08-01-2014, 10:17 AM   #3
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I would NOT take this a "great" indicator of ave rate trends outside of CA. Much data are not in yet. But 2/3rds of the 20+ states reporting so far anticipate significantly larger premium increases than CA.

www.pwc.com/us/en/health-industries/health-research-institute/aca-state-exchanges.jhtmlhttp://www.pwc.com/us/en/health-industries/health-research-institute/aca-state-exchanges.jhtmlhttp://www.pwc.com/us/en/health-industries/health-research-institute/aca-state-exchanges.jhtmlhttp://www.pwc.com/us/en/health-industries/health-research-institute/aca-state-exchanges.jhtml

And looks like the poor folks in Indiana are facing a 15+% increase on top of rates that are already among the highest in the nation
http://aspe.hhs.gov/health/reports/2...slandscape.pdf
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Old 08-01-2014, 10:34 AM   #4
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ERhoosier, the first link isn't working for me and the second doesn't say anything about 2015. I totally agree with this

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I would NOT take this a "great" indicator of ave rate trends outside of CA. Much data are not in yet.
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Old 08-01-2014, 11:23 AM   #5
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The whole original article was nothing more than an announcement by an executive with Covered California with no data cited other than his opinion. There's a pretty chart that can be used to justify why your specific policy goes way up or not. He even qualifies it with "it's still early." Putting on my "cynical hat" makes me think that he's about to negotiate salary and/or bonus. Saying costs are contained can put a happy face on the whole discussion.

The source being "Mother Jones" doesn't do much for me either. They're not exactly known as hard boiled investigative reporting types.

It's all way too early to have a clue. I hope we know by the time open enrollment begins.

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Originally Posted by explanade View Post
All the plans at a particular level seem to have the same coverage, in terms of deductibles and co-payments.

So why are the premiums priced so differently?

Sometimes the same carrier has two bronze or silver plans with difference prices. The ones that allow HSA seem to be higher?
I'll make the assumption that the Texas plans are similar to the Cali plans. The ones eligible for an HSA are PPO plans where you get to pick your in plan doctors including specialists without limitations. The non-HSA plans are HMOs that are managed care. They decide if your heart attack is serious enough to warrant seeing a cardiologist.
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Old 08-01-2014, 05:16 PM   #6
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Here's a link to the actual CoveredCA rate calculator loaded with the 2015 prices now that dickering with Anthem, Kaiser, and other providers is done. The official rates are pending regulatory approval.

Get Covered | Covered California™

... And here's a link to the actual story the MJ writer blithered on about from the LA Times.

Obamacare premiums to rise a modest 4.2% in 2015 - LA Times
Quote:
fying an industry trend of double-digit rate hikes, California officials said the more than 1.2 million consumers in the state-run Obamacare insurance exchange can expect modest price increases of 4.2% on average next year.

On Thursday, Covered California announced the results of its negotiations with Anthem Blue Cross, Kaiser Permanente and other major insurers, an important yardstick for President Obama's Affordable Care Act.
Including both the rate increase, and our all getting a year older, my rates go up 6.9% next year. The age increment is most of that. If I could just stop aging, my rate increase would be around 3%.

kthxbai
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Old 08-01-2014, 06:21 PM   #7
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Originally Posted by MichaelB View Post
ERhoosier, the first link isn't working for me and the second doesn't say anything about 2015. I totally agree with this
Let's try it again with that 1st link re 2015 ACA premium increases. This link works, but you must click on the individual states to get that data.
ACA state exchanges

The 2nd link (HHS report) showed IN had amongst the highest 2014 ACA HI premiums of any state, and the 1st link (PWC data) showed IN with a 15+% increase (but no comparative 2014 figures).
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