The Centers for Medicare and Medicaid Services (CMS) has released health insurance companies’ 2016 premium requests for Obamacare plans. CMS organized the requests on a state-by-state basis and only released information on states that face a 10 percent or more premium increase.
That’s why it wasn’t good news when Washington State popped up on CMS’ radar. With five carriers and 26 plans, our state faces a whopping average premium increase of 15.2 percent. The increases range from 10.4 percent to 49.6 percent. The Washington Policy Center explains,
“These rate increases reflect the fact that carriers now have a better understanding of the costs of the mandates in the ACA. Prior to 2014, companies had no real information on the impact of the pre-existing condition and community rating regulations in the ACA. Carriers now have a better idea of where to set premium prices to compensate for these mandates.”
Just a little more proof that Obamacare has failed to lower health care costs for working families in our state, as politicians from Jay Inslee to Patty Murray promised when they voted for it.