AZ Health Insurance Rate Requests As High As 123%

Newly released health insurance rate requests for the Obamacare exchanges by the Arizona Department of Insurance, show insurers are requesting premium rate increases as high as 123% in Arizona as a result of financial losses and upheaval in the marketplace.

Nearly 180,000 Arizonans are enrolled in Obamacare plans.

Aetna is now requesting an average increase of 86%; Health Net of Arizona has jumped to 48%; and Phoenix Health’s request is 123%.

Obamacare requires states to provide information about “threshold” (10% or greater) rate increase filings, and to provide a way for the public to comment on requested threshold rate increases.

The effective date is January 1, 2017.

According to CNN Money, Aetna (AET) said last week that it is “canceling plans to expand into more states next year and will reassess its involvement in the 15 states where it currently offers coverage on the individual exchanges. It expects to lose $300 million (pre-tax) on its Obamacare business this year…The performance of Aetna’s Obamacare business is deteriorating as policyholders seek more care than expected, the company said. Pharmacy costs are a particular problem. Aetna had 838,000 exchange customers at the end of June.”

“While we are pleased with our overall results, in light of updated 2016 projections for our individual products and the significant structural challenges facing the public exchanges, we intend to withdraw all of our 2017 public exchange expansion plans, and are undertaking a complete evaluation of future participation in our current 15-state footprint,” said Mark T. Bertolini, Aetna chairman and CEO in a press release dated August 2.

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16 Comments

  1. I never said you did. Read your comments and you will find out what you used to think. Get over your oneself.

  2. For Pete’s sake Cecilia, I was commenting on your comment. Do you not remember what you said? There is no hope for you.

  3. Cecilia, Congress didn’t block Obama from paying ransom money to Iran, now did they? Wise up a little.

  4. I don’t know what the problem is? It’s right there on page 184,749,943,375,657,069,948,736,852,952,842,852,952,952,951,489,817,637,536,964,966,964,963,963,964,975,666,998,632,964,974,956 paragraph 3 clearly states that Obamacare will cure any and everything or pay with more bowwowed monies until its cured or voted to be cured.
    Thank God we have it.

  5. Insurance companies aren’t in the health care business. They only determine what they will pay for. Care is still determined by the doctor and patient unless the patient doesn’t want or can’t pay. Before ACA you could have any treatment you wanted. Insurance might pay for some of it. With ACA you only get what the IPAB says you can get. More government is not what we need.

  6. It is time to get government out of all that the private sector can do before guvmint regulations messed everything up. There is not any system run by a government that will work. It will always be top heavy with guvmint bureaucracy. There is always someone trying to figure out how they can get their hands on all that money.

  7. We should have a national health care system plain and simple. It is time to get the insurance companies out of the health care business because for them, it is profits. For those of you who want to go back to being denied for pre-existing conditions; that is a death panel decisions in itself. A compromise solution might be to look Australia’s health care system. They have a national healthcare system along with private insurers for those who feel that they get better care with them.

    • Cecilia;

      We have a national healthcare system-
      for veterans.

      Likely only those with their heads in the
      (marijuana) clouds would contend that the VA
      is delivering appropriate healthcare.
      Expanding direct government control of a failed
      healthcare system by 20 fold hardly rectifies
      its blatant deficiencies.

      • I get great care at the VA and I do not have my head in the clouds. It isn’t perfect, but it is better care than some of the policies that my friends have through their insurance healthcare companies. Whatever deficiencies that the VA has isn’t because of the people working there; it is because of lack of funding which Congress has control over. Politicians always talking about supporting the veterans, but they never put the money towards veteran’s needs to override their mouths. Despite Congress undermining anything that President Obama tries to do; he has been putting money into the VA system however he finds it.

  8. Dough – “The rest of the GREEDY Insurances – and the rest of the medical industry” sir, your a hic. It’s killing the medical industry faster than it’s killing you sir. There won’t be a medical industry for you to go to when you need one sir. The deal is ‘Socialism” is where we’re going, medicine is just part of the control – you’ll comply or not get any.. don’t know how old you are, but I’ll bet your warranty has been exceeded it’s life expectancy has become – obsolete – I’m right behind you. As posted won’t need death panels the death rules will do the trick.

  9. The left has two choices. raise taxes even more, or reduce Medicare benefits by another 50% to see if they can find a way to pay for their foolish folly. It did get more of the stupid to vote for them.

  10. This Un-Affordable Care Act has decimated peoples health insurance, and is in fact, legalized MURDER of many people, passed by the DEMONcrats and REPULSIVEcains, and played right into the hands of the GREEDY insurance corporations and the rest of the Medical industry.

    We need Trump as our President, a SUPER majority of republicans in both house’s of congress, to even have a hope of Repealing this Murderous legislation.

  11. ACA has so screwed Medicare that it’s become a death trap – these 10,000 pages just went into effect July 1 – lots of pasta rules now intertwined with Medicare rule, the difference is ACA rules are LAWS which can’t be changed without changing the law meaning these are there to stay. Don’t need death panels they have ‘death rules’ – God forbid you need these items from them because you are hospitalized or post admit complication – it’s coming out of your pocket or not at all – lots can’t afford

    one of our employee’s has now had to change insurance three times because the one’s he has selected have closed out from ACA – get the doctor you want and keep them – your lucky if you get one at all and the co-pays are far greater that just paying for the service cash to begin with – for the young – it’s an expense they can’t afford, same for the old. My family same boat – we’ve lost three BCBS plans that we liked – worked for us and our needs – all now gone with the doctors we liked and used. NUTS!

  12. All this from amateur politicians and professional liars. Still 50% of Americans(and illegals)believe in and have a high opinion of the Obama administration. All of this mess was passed behind closed doors by people who obviously had no idea of the reality of Obama care folly. What a horrible waste of time and resources all for one “community organizers” legacy. What’s amazing to me is that the insurance companies are just now getting out.

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