Surprise: Ocare Premiums to Rise At Least 13% For 2015

by William Teach | October 23, 2014 6:34 am

Say, @KayHagan, what happened to that “affordable care” stuff?

(WRAL[1]) North Carolina’s largest health insurer says rates will rise by more than 13 percent on average next year for buyers of individual Affordable Care Act policies.

Blue Cross and Blue Shield of North Carolina discussed the prices Wednesday.

As an example, the insurer cited a typical rate for a 45-year-old man in the Raleigh area who doesn’t smoke. Without a federal subsidy, the premium for such an individual would rise by $57 to about $420 per month for an ACA silver plan. Most customers receive subsidies.

Of course, at the end of the day, it really doesn’t matter, as the deductibles are high enough that registrants can’t actually afford to use the insurance.

What will happen with deductibles for the other Ocare exchanges, both state run and federal? Wait and see, because Team Obama did not want them released till after the midterm elections.

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