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The letter from Florida Blue arrived yesterday and my insurance premiums will have a 350% increase starting this January. Affordable Care Act? Thanks Barry! Thanks Harry! Thanks Nancy! Thanks Democrats!
What the hell happened to my savings of $2,500 a year?
Hmmmm, your State has to approve any increase in rates from Florida Blue and they MUST be kept reasonable.... me thinks you need to question that 350% increase...
Whoops, see the Fla. Blue 2017 rate increases ordered taken down | Protecting Your Pocket
One of Florida’s largest health insurers says requested 2017 rate increases for four of its plans should not have been posted on healthcare.gov, but a reporter for The Palm Beach Post on Tuesday saw increases ranging from 5.22 percent to 11.61 percent.
“According to our Actuary team, what was posted were not the correct, final rates for Florida Blue – there are some adjustments that are not reflected in those numbers that were posted online,” said company spokesman Paul Kluding.
The company also known as Blue Cross and Blue Shield of Florida says Wednesday is the deadline for plans to submit and rates should not be made public until 10 days after that. A federal spokesman had no immediate comment.
Here is what the Post saw:
BlueSelect Small Group 5.22 percent
BlueOptions Small Group 8.72 percent
BlueOptions Individual 9.83 percent
BlueSelection Individual 11.61 percent
The incident comes amid a broader discussion of what is happening to health costs. As The Post reported, U.S. officials said last week that Floridians really pay an average of $84 a month after tax credits for Affordable Care Act marketplace plans — and that’s only up from $82 last year. It’s a 2 percent rise.
more info at this link too!
Why Florida OKed higher 2017 premiums than health insurers sought
That was from May of 2016, Care! I just received my new premium rates in the mail yesterday from Florida Blue and it wasn't 5% or 8% or even 11%...it was an increase of 350% starting in 2017! Do you understand what's happening to the ACA? The REAL costs are now being revealed and they are ASTRONOMICAL! Gee, what affect do you think Middle Class people having to shell out 350% more for their healthcare coverage is going to do to the economy! Let me guess...you don't think increases like that are going to affect the family budget for things like a new car...a vacation trip next summer...a nice dinner out for mom and dad? The ripple this is going to cause to our economy is going be felt and felt hard!
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