Well, well, well, what do we have here? Health insurance companies are looking to lower their rates in Florida?
Not a single health insurance company on Florida’s ObamaCare exchange has asked to increase its rates for next year, according to a report.
Of the nine companies that have filed their proposals so far, seven are asking for zero increase in price and two are asking to lower their premiums by 7.9 and 11.16 percent on average.
The rates deal a blow to ObamaCare critics who predicted insurers would have to hike premiums substantially in states like Florida, where older, sicker patients were expected to outnumber younger, healthier ones.
“The fact is, an overall pattern of insurers not seeking rate increases — and even seeking rate decreases — is unheard of,” Greg Mellowe, policy director for the consumer advocacy group Florida CHAIN, told Health News Florida, which broke the story Tuesday.
This isn’t what the Republicans were predicting would happen. Isn’t that amazing? The Republicans were wrong about the future. Why does this seem to happen every single time?
