Its there actually.....
FLOIR Press Release - Office Releases Data on Projected Health Insurance Premiums for PPACA Policies
No idea what it says because it was written by a person who had no idea what he was writing, but it is up.
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Let me clarify my post above.
The press release states that they made up some numbers then compared those to the actual rate filings and compared to their made up numbers, the actual rates are higher by some amount.
If I interpret correctly, it averaged 39.3% higher in premiums than they thought it would be. I don't think this has any bearing on what the real rate increase was though.
Dan
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I shouldn't have been so harsh, they actually did some homework.
http://www.floir.com/siteDocuments/Avg_Costs_PPACA.pdf
They derived a standard cost of $293 for a 'Silver Plan' based on previous plans. The previous plan cost statewide average was $243, so I assume that they assumed it would cost $50 per month per policy to add in the PPACA stuff.
The only company close to $293 a month, on average, was Humana at $315. Most companies averaged closer to $400 for a silver plan.
Now, the average premium was $243 per month, now it will be closer to $400, but they claim a 35% average rate increase. Interesting how they skewed the number by inserting in the $293 to come up to a 'silver plan' from the $243 previously purchased, on average.
Dan
FLOIR Press Release - Office Releases Data on Projected Health Insurance Premiums for PPACA Policies
No idea what it says because it was written by a person who had no idea what he was writing, but it is up.
- - - - - - - - - - - - - - - - - -
Let me clarify my post above.
The press release states that they made up some numbers then compared those to the actual rate filings and compared to their made up numbers, the actual rates are higher by some amount.
If I interpret correctly, it averaged 39.3% higher in premiums than they thought it would be. I don't think this has any bearing on what the real rate increase was though.
Dan
- - - - - - - - - - - - - - - - - -
I shouldn't have been so harsh, they actually did some homework.
http://www.floir.com/siteDocuments/Avg_Costs_PPACA.pdf
They derived a standard cost of $293 for a 'Silver Plan' based on previous plans. The previous plan cost statewide average was $243, so I assume that they assumed it would cost $50 per month per policy to add in the PPACA stuff.
The only company close to $293 a month, on average, was Humana at $315. Most companies averaged closer to $400 for a silver plan.
Now, the average premium was $243 per month, now it will be closer to $400, but they claim a 35% average rate increase. Interesting how they skewed the number by inserting in the $293 to come up to a 'silver plan' from the $243 previously purchased, on average.
Dan
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