Regulators in the state of Florida said Monday that a majority of the state’s health insurers have proposed higher rates for 2015. Insurance premiums under ObamaCare in the Sunshine state will rise an average of 13.2 percent, according to the Florida Office of Insurance Regulation.
The new projections released Monday stem from filings among 14 insurers that will provide plans on the federal exchange. According to the state insurance office, 11 of the plans are ones returning to the exchange.
“Even with a federal subsidy, that could mean an out-of-pocket cost of $500 or more per month to have coverage that still requires Florida families to pay about 30 percent of expenses out-of-pocket for deductibles, copayments and co-insurance,” the insurance office said in a press release.
Proponents of ObamaCare are scrambling to spin the latest numbers, but the impact will assuredly be so widespread, it is unclear how effective the spin will be. For instance, Florida Blue, which is the state’s largest health insurer, requested an increase of almost 18 percent next year. The company cited a predictable, disproportionate share of older, sicker enrollees as the cause of the higher prices.
Out of the nearly 1 million Floridians who purchased plans on HealthCare.gov, only 28 percent were in coveted 18- to 34-year-old demographic. The administration and actuaries repeatedly stated the number needed to be closer to 40 percent.
Public opinion of the president’s signature health care law is abysmal nationwide, and even lower still in Florida. It was the dominant issue is the special election in Florida’s 13th Congressional District, which saw an upset victory for Republican David Jolly over former gubernatorial candidate Alex Sink. Jolly is favored to win handily now in November, but the 2014 governor race remains close.