Higher Premiums Loom for Ohio and South Carolina Residents

May 30, 2014

The president repeatedly promised, “We’ll lower premiums by up to $2,500 for a typical family per year,” but costs for some Americans have already increased over 40 percent this year, and reports indicate that the rate shock may only worsen. While the law’s supporters declare this debate over, the sad fact remains that the president’s health care law has been fraught with broken promises leaving American families and businesses to pay the price. Just this week, at least two states are out with new projections for health care costs on the rise. The Ohio Department of Insurance projects a $42/month increase for Ohioans who buy their coverage in the federal exchange. The South Carolina Department of Insurance director also predicted this week that rates would go up for South Carolinians. 

May 29, 2014

Premiums Rising for Ohioans Enrolled in Federally Run Health Insurance Exchange

Premiums for individual Ohioans who buy health coverage through the federally run insurance exchange will increase 13 percent in 2015 compared to this year, the Ohio Department of Insurance said this afternoon. 

Premiums would average $374.42 per month, compared to $332.58 per month for the same coverage last year, the department said in a prepared statement. 

For small businesses, proposed average premiums would increase 11 percent to $446.78. …

Read the article online HERE.

May 29, 2014

S.C. Insurance Director: ‘Obamacare’ Policies Will Cost More Next Year

The S.C. Department of Insurance director predicts the same four companies that sold health insurance plans to South Carolina residents on the federal exchange during the Affordable Care Act's first enrollment window will offer those plans again later this year.

There may be one key difference though - the price of those plans will go up, Director Ray Farmer speculated. …
 

Read the article online HERE

May 28, 2014

Many Employees Hit With Higher Health Care Premiums

More employees are getting hit with higher health insurance premiums and co-payments, and many don't have the money to cover unexpected medical expenses, a new report finds.

More than half of companies (56%) increased employees' share of health care premiums or co-payments for doctors' visits in 2013, and 59% of employers say they intend to do the same in 2014, according to the annual Aflac WorkForces Report. It's based on a survey of 1,856 employers and 5,209 employees at small, medium and large-size companies. …

Read the article online HERE.

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