A Washington State Health Insurer Plans to Cut Rates in 2015
Source: WSJ
An insurer in Washington state selling plans under the Affordable Care Act is proposing to lower customers' health premiums next year in what appears to be one of the first such decreases proposed for 2015. The proposal by Molina Healthcare Inc. was part of a batch of state rate filings released Monday that included Washington and Indiana.
While most carriers are seeking increases, Molina's filing signals that insurers that priced cautiously for 2014 could face pressure to be more competitive in the second full year of the law's insurance marketplaces. Molina proposed a decrease averaging 6.8% for Washington customers for 2015. It told state regulators in its rate filing that it was betting that people signing up through the insurance exchange were in better health than the carrier previously thought, and that it anticipated new entrants when the law's penalties for not carrying coverage grow next year.
Read more: http://online.wsj.com/news/articles/SB10001424052702304081804579558331236178714
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