Tag Archives: Obaamcare

ObamaCare Plans taking a drop – in some areas

Two weeks to go before the ObamaCare ACA open Enrollment season begins-  Well, its not really a season as it is only 5 weeks long.  Don’t miss it!

According to an article in the Wall Street Journal, “Average rates for popular health plans sold under the Affordable Care Act will fall 1.5% next year, according to the Trump administration, the first such drop and a sign that the insurance markets are gaining firmer traction despite tumult in the past two years.

The decrease will affect average premiums for the second-cheapest plans in the “silver” tier, a middle-cost option, after years of double-digit increases. In contrast, the average rate for those plans increased by 37% between 2017 and 2018, the administration said.”

However, averages can be misleading.  In NY the average increase is about 11%, and in South Carolina its 5%.  In Iowa, insurer Medica is lowering rates – but that’s after a 57% increase last year.  Tennessee expects a 26% drop, Deleware a 16% increase, with double digits in many other states.

South Carolina Sues over Consumers Choice Failure

 

obamacare with cancel cirle over it

From the Post and Courier on 4/15/17:

“South Carolina’s chief insurance regulator filed a lawsuit in federal court Wednesday alleging the U.S. government’s decision to withhold millions of dollars from a health insurance co-op precipitated the group’s collapse in 2015 and that South Carolina taxpayers are now stuck with a multi-million-dollar bill.”

Read more ...

December 2018
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Sign Up To Our Newsletter

Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambridge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
FINRA.org - SIPC - Brokercheck