BCBSTN Looking at More Steep Increases of 30%+

May 16, 2016

  1. TN_agent
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  2. ChrisN19
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    ChrisN19 Super Genius

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    Well there's fantastic news. Another year of explaining why rates are hitting and smashing through the ceiling. I can only move people down to lower cost plans so long before there are no more options. Stick a fork in it, it's overdone
     
    ChrisN19, May 17, 2016
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  3. RayNY
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    RayNY Guru

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    I'm not surprised, I'm seeing 25-35%+ increases being requested in my area.

    At least one carrier said they TRIPLED their request because of the failure of the Risk Adjustment payments.
     
    RayNY, May 17, 2016
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  4. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    Aetna is requesting up to 33% increases for on-exchange individual plans in SC.

    Cigna is at almost 17%.

    Hell, UHC is even requesting up to 17% on off exchange individual plans.

    I havent seen anything for BCBS increases yet for SC. But Ive had small groups renewing in the 7%-9% range.
     
    scagnt83, May 17, 2016
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  5. Ann H
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    Ann H Guru

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    It's regional, but for the most part Small Group is profitable and IFP is not.
     
    Ann H, May 17, 2016
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  6. TN_agent
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    TN_agent Guru

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    I hear you, man. Same here. Many of my off-ex are already on the cheapest compliant plan on the market. If it goes up 30% more, the healthy ones are just going to drop it and pay the fine and take a non-compliant plan.
     
    TN_agent, May 19, 2016
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  7. HealthRisk
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    But there is no death spiral. Bueller? Bueller?
     
  8. sk337sk337
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    sk337sk337 Expert

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    30% last year and another 30% this year. Plus, lower commissions or no commissions is starting to make me really consider dropping out now. Luckily, health is just a side project for me.
     
  9. ChrisN19
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    ChrisN19 Super Genius

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    I don't think you can even call it a death spiral at this point, more of a sharp death nosedive
     
    ChrisN19, May 19, 2016
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  10. somarco
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    somarco GA Medicare Expert

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    The spiral started in 2014 and hasn't reversed.
     
    somarco, May 19, 2016
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