Associated Press
DES MOINES, Iowa (AP) — Iowa's last
health care insurer to sell policies to individuals statewide through the federal
Affordable Care Act is seeking a 43.5 percent increase in premium rates for
next year.
Minnesota-based Medica says the
increase is necessary to remain in Iowa.
Company Vice President Geoff Bartsh
said Monday that a number of risks remain with its decision to be the lone
statewide provider. Medica will re-evaluate the decision in September before
contracts to provide coverage in Iowa are signed.
The company insures about 12,500
Iowans through the Affordable Care Act exchange, which offers subsidies for
those meeting income guidelines and about 1,400 who buy their own insurance off
the exchange.
Iowa is seeking a waiver that would
allow it to repurpose federal subsidies to attract younger, healthier
individuals into the market.
https://insurancenewsnet.com/oarticle/iowas-last-health-insurer-on-exchange-seeks-43-percent-hike
No comments:
Post a Comment