Iowa approves health insurance rate hikes for 4 companies
August 29th, 2016 by Ric Hanson
DES MOINES, Iowa (AP) — Iowa’s health insurance regulator has approved premium rate increases for four companies ranging from 43 percent to 19 percent. Documents released Monday by Iowa Insurance Commissioner Nick Gerhart say more than 75,200 Iowans will pay more beginning Jan. 1st. The biggest increase of 42.6 percent affects 22,000 customers of Wellmark Blue Cross & Blue Shield.
About 7,700 policyholders of Wellmark Health Plan of Iowa will see an increase of 37.8 percent if they joined after the federal Affordable Care Act was passed. Another group of 2,300 enrolled prior to the law will see a 42.6 percent increase. The commissioner also approved a 23 percent increase for 42,000 Aetna Health of Iowa policyholders.
Increases of 19 percent for Medica Insurance Co. and 19.8 percent for Gunderson Health Plan also were approved.
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