Monday, June 22, 2015

Forget it, Jake, it's Portlandia

This story is crazy.  CNBC: "Oregon dumps cold water on low Obamacare rates."
They wanted their Obamacare prices to be low—but the state said "no."

The state of Oregon reportedly has ordered a number of insurers to raise proposed Obamacare premiums for 2016 after some of those companies asked for rates that were only moderately higher, if not lower than this year.

Now, many Obamacare customers there are looking at likely double-digit percentage rate increases after having experienced some of "the lowest premiums in the nation," the Oregonian noted.
Too low, it turns out, and now the state is insisting higher premiums to keep the insurance companies from going insolvent and hitting up Salem for the shortfall.

No comments: