Humana Premiums Up 80% Anthem Up 95% in KY Because of Obamacare

[Gamechanger]

http://kyprogress.blogspot.com/2013/...tes-going.html

7/18/2013

By David Adams

A health insurance actuary at Humana testified in a Kentucky Department of Insurance rate filing document made publicly available today that his company's individual health premiums need to go up eighty percent in 2014 and that sixty percent of that increase is due to the ObamaCare requirement for all applications to be accepted.

Nicholas Mueller, the actuary, requested a rate increase of 91.3% on Humana plan KY71037 and 47.2% on KY71108 which he said is comparable to the current KY71037-01. The Kentucky Department of Insurance demanded $300 for a computer disk with all the new rate application information on it, but eventually relented today and let me look at it in their office.

Anthem's filing did not specifically reference a percentage increase from 2013 to 2014, but its average premium request for 2014 is 14.68% higher than Humana's.

The federally funded Kentucky Health Cooperative Inc. filing contained rates slightly cheaper than Anthem's.

[Sleeping Cobra1]

Thank you for the heads up. I am glad i can not see into the future.

[jimmythebee]

this seems like another market "stimulation" brought to us by our servants in DC.
corporations will swim in profits,.gov will pass more debt on to us,and anyone just hanging on will be toast.
all because .gov cares for us dearly

[Homesteader]

My high deductible insurance went up 45% this year.

[Hungry Seagull]

It would be MUCH better to include the actual premiums to understand just what it is going to be.

80% of what? 96% of What?

It is not news until specific information is included. Most Employers and everyone already knows that the rates have gone up and continues to rise. But no one is going to be able to understand collectively just how much.

[consteacher]

I have blue cross through my school board. They didn't go up on the rates but increased the deductible up to $2k and then only 60/40 which is a rate increase compared to 2 yrs ago when we had 1500 deduct and 80/20. Prep and pray, the end has arrived.

[Gamechanger]

It would be MUCH better to include the actual premiums to understand just what it is going to be.

80% of what? 96% of What?

It is not news until specific information is included. Most Employers and everyone already knows that the rates have gone up and continues to rise. But no one is going to be able to understand collectively just how much.

I had Anthem coverage. Myself, wife & kids.

Family coverage for early 2013 was $1,280 a month.

95% hike ($1280.00 X 195%) = $2,496/mo or $29,952 a year.