40 to 63% increases in heath insurance premiums in Minnesota
Finding out what’s in it: The health insurance premiums for one major Minnesota health insurance company are expected to increase by 40 to 63 percent in 2015.
The insurer started informing brokers Tuesday about rates for individuals if they renew coverage with the company for next year, said Heidi Michaels, an agent with the Dyste Williams agency in Minneapolis. In the half dozen consumer scenarios she’s looked at, Michaels said she’s consistently seeing premium jumps in the neighborhood of 40 percent to 60 percent. Her analysis, however, did not take into account significant discounts that consumers could see by way of federal tax credits, depending on their income. “They’re going to get substantial rate increases,” Michaels said in an interview Wednesday. “I haven’t seen one below 40 percent.”
Letters with these rate increases will go out the end of October, just before election day. (The company has pulled out of the government exchange, which means they don’t have to keep their rates secret until after the election, as required by the Obama administration, the most transparent in history!)
However, these rate increases indicate strongly how high the rate increases will be across the board. They are going to be ungodly high, possibly so high no one will be able to afford them.
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Finding out what’s in it: The health insurance premiums for one major Minnesota health insurance company are expected to increase by 40 to 63 percent in 2015.
The insurer started informing brokers Tuesday about rates for individuals if they renew coverage with the company for next year, said Heidi Michaels, an agent with the Dyste Williams agency in Minneapolis. In the half dozen consumer scenarios she’s looked at, Michaels said she’s consistently seeing premium jumps in the neighborhood of 40 percent to 60 percent. Her analysis, however, did not take into account significant discounts that consumers could see by way of federal tax credits, depending on their income. “They’re going to get substantial rate increases,” Michaels said in an interview Wednesday. “I haven’t seen one below 40 percent.”
Letters with these rate increases will go out the end of October, just before election day. (The company has pulled out of the government exchange, which means they don’t have to keep their rates secret until after the election, as required by the Obama administration, the most transparent in history!)
However, these rate increases indicate strongly how high the rate increases will be across the board. They are going to be ungodly high, possibly so high no one will be able to afford them.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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