GBFan
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Washington state has just one insurer proposing to lower its premium rates for 2015, after the smaller company offered some of the highest rates in the state exchange this year. Most premiums will be raised anywhere from 0.6 to 26 percent.
Molina Healthcare’s Washington state filing proposed a 6.8 percent decrease in premiums on average — the only insurance company to offer a decrease. But Molina, which covered just 1,200 members in 2014, offered some of the highest premiums in the Washington Obamacare exchange, the Wall Street Journal reports.
On the other end of the spectrum, Time Insurance Company, which covers a similar number of people, is looking to up premiums by 26 percent.
Insurers that priced their premiums overly high in 2014 out of caution over joining the risky Obamacare exchanges may choose to lower their drastically higher premiums, like Molina. But it’s not clear whether bigger insurers which priced their 2014 plans more competitively will be able to lower their prices as well.
Molina Healthcare’s Washington state filing proposed a 6.8 percent decrease in premiums on average — the only insurance company to offer a decrease. But Molina, which covered just 1,200 members in 2014, offered some of the highest premiums in the Washington Obamacare exchange, the Wall Street Journal reports.
On the other end of the spectrum, Time Insurance Company, which covers a similar number of people, is looking to up premiums by 26 percent.
Insurers that priced their premiums overly high in 2014 out of caution over joining the risky Obamacare exchanges may choose to lower their drastically higher premiums, like Molina. But it’s not clear whether bigger insurers which priced their 2014 plans more competitively will be able to lower their prices as well.
