IMPORTANT:See this detailed explanation of how I've come up with the following estimated maximum requested weighted average rate increases for this state.
As explained in the first link above, I've still been able to piece together rough estimates of the maximum possible and most likely requested average rate increase for the state's individual market:
As noted in the table, the Arizona analysis is even more fuzzy than most other states, because the enrollment/market share estimate for Health Net is a guess. According to their Q2 2015 SEC filing (page 49), Health Net had 69,000 people enrolled in individual policies in Arizona as of 6/30/15. They don't break out grandfathered/transitional policies (I'm assuming about 14% combined), nor do they provide a PPO/HMO split, so I'm just going with 50/50, or 60K total ACA-compliant enrollees.
Not much of a headline, I realize, but I wasn't really sure how else to put it. Thanks to R. Adams Dudley for the link.
JAMA (Journal of the American Medical Association) just reported a study regarding the impact of the ACA on insurance coverage, access to care and health. Not much for me to add here; most of it has been widely reported by many outlets, including myself, but it's always good to have more supporting evidence of results, especially given the massive sample size (over half a million people!). I've reformatted & cleaned up the quoted section below for clarity, and you'd have to log into a JAMA account for the full report, but this gives the general skinny:
Results:
Among the 507 055 adults in this survey, pre-ACA trends were significantly worsening for all outcomes. Compared with the pre-ACA trends, by the first quarter of 2015, the adjusted proportions who were:
The challenge concerns the Origination Clause, which provides that “[a]ll Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.” The original idea was to give control over the power to raise revenue to the House, which was thought to be more directly accountable to the people than the Senate, whose members were then selected by state legislatures.
For my latest exclusive piece for healthinsurance.org, I observe that out of nearly 4 hours total of migraine-inducing debate amongst 17 Republican candidates, one topic which was once supposedly the biggest threat to America itself was barely brought up at all...
But the fact that they barely mentioned [Obamacare] at all tonight was far more significant than any questions they might have brought up about it.
Ten Republican presidential hopefuls took to the debate stage last night to prove their conservative bona fides. They swore they'd unravel President Barack Obama's legacy. But there was one place they barely went: repealing Obamacare.
IMPORTANT:See this detailed explanation of how I've come up with the following estimated maximum requested weighted average rate increases for New Mexico.
As explained in the first link above, I've still been able to piece together rough estimates of the maximum possible and most likely requested average rate increase for the New Mexico individual market:
Again, the full explanation is included in the Missouri estimate linked at the top of this entry, but to the best of my knowledge, it looks like the companies with rate increases higher than 10% come in at a weighted 43.3% increase, but only make up about 62% of the total ACA-compliant individual market, with several other companies with approved increases of less than 10% (decreases in some cases) making up the other 38%.
Unfortunately for my purposes, most of the info here relates to dollars (which is understandable for earnings reports, of course), but therewas one relevant enrollment number given:
Molina Healthcare
Molina is reporting $39 million in net income for the latest quarter on $3.5 billion in revenue, compared with $7.8 million in net income on $2.3 billion in revenue for the second quarter of 2014.
The company ended the quarter providing or administering medical coverage for 3.4 million people, up from 2.3 million people a year earlier.
Enrollment in the company's PPACA public exchange qualified health plans (QHPs) increased to 261,000 from 18,000.
That's an impressive year over year increase...over 14x as many ACA exchange enrollees for Molina this year than last.
IMPORTANT:See this detailed explanation of how I've come up with the following estimated maximum requested weighted average rate increases for Illinois
As explained in the first link above, I've still been able to piece together rough estimates of the maximum possible and most likely approved average rate increase for the Illinois individual market:
Again, the full explanation is included in the Missouri estimate linked at the top of this entry, but to the best of my knowledge, it looks like the companies with rate increases higher than 10% come in at a weighted 32.7% increase, but only make up about 57% of the total ACA-compliant individual market, with several other companies with approved increases of less than 10% (decreases in some cases) making up the other 43%.
IMPORTANT:See this detailed explanation of how I've come up with the following estimated maximum approved weighted average rate increases for Kentucky.
Fortunately, as I explain in the first link above, I've still been able to piece together rough estimates of the maximum possible and most likely approved average rate increase for the Kentucky individual market:
