Most of the consumers who bought a private health plan from Florida Blue through the Affordable Care Act’s insurance exchanges between October and April were previously uninsured — one of many factors potentially leading to higher premium rates in 2015, according to a senior executive.
Jason Altmire, a former Pennsylvania congressman and now senior vice president of public policy for Florida Blue, cited familiar reasons for a likely rise in rates next year, including the requirement that insurers no longer exclude those with pre-existing conditions, charge equal rates regardless of gender and charge older members no more than three times the amount paid by younger ones.
Other reasons consumers may see higher premiums in 2015, he said, include the Obama administration’s decision to allow Americans to keep their health insurance plans for an additional year even if the plans did not meet the coverage requirements of the health law.
Altmire said that most consumers signed up through the exchange were previously uninsured Americans who may have delayed seeking medical care, making them potentially more costly to insure.
“A lot of them aren’t in the best of health,” he said, noting that consumers who signed up at the outset of open enrollment were likely the ones who needed it most. “We expect it to cost more to insure them because of deferred health needs.”. . .