The entire Obamacare eco-system is failing and non-sustainable... the rate increases are not affordable for customers who must pay out of their own pocket. Many are dropping and paying the government penalty instead. All the health insurance companies in North Carolina have warned that Obamacare is not sustainable. Unless they get large premium increases then no insurance companies will offer ACA policies in the state in 2017.
Health insurance premiums under the Affordable Care Act will increase as much as 50 percent for some plans in January under newly approved rates released Friday by the N.C. Department of Insurance.
Blue Cross and Blue Shield, the state’s largest insurer, was approved for a 32.5 percent average increase, nearly the full 34.6 percent the insurer had requested. Blue Cross’s increases for individual plans offered in North Carolina will range from 5 percent to 42 percent for the 397,253 Blue Cross customers signed up on ACA plans.
Blue Cross began mailing rate notices to its customers this week in advance of the federal health exchange opening for ACA enrollment on Sunday.
The Affordable Care Act’s third year in North Carolina will result in significantly higher rate hikes for 2016 than customers saw in January 2015, when Blue Cross went up 13.5 percent and Aetna 2.9 percent. Strictly in terms of percentage, North Carolina’s increases are among the highest in the nation.
