Originally Posted by GreenSky
But at least Peter Lee is thrilled at only an average 12% rate increase. What a tool!
Weighted average of +12.5%. Once the smoke and dust clears, it will be worse.
Just spot checking reveals, for a Cat plan for a 20+ yr old, Bronze 60. Anthem is currently -30% less compared to Blue Shield for the same plan.
So, Anthem disappears, 20+ year old enrolls in same Bronze 60 w/Blue Shield (+30%+12.5%).
That will be sticker shock!
So the good news? For 2018 Anthem EPO will continue in (region 1)northern counties. The bad news? Premium rates are increasing 20-54%.
Within Covered Ca, Anthem EPO has 77% of the enrollment in region 1.
Also, Blue Shield of Ca will continue for 2018 In region 1. Premium increases of 10-24%.