Health Insurance Costs Rising in 2015

The majority of insurance companies are raising the price of health plans in Florida through the Affordable Care Act exchange.

State insurance officials said Monday that 14 companies filed plans, including three new insurers. Of the 11 returning plans, eight filed average rate increases ranging from 11 to 23 percent, and three filed rate decreases ranging from 5 to 12 percent.

Florida Blue, the largest insurer, is raising its premiums by an average of 17.6 percent. Humana proposed an average 14.1 percent increase for its HMOs, and Molina proposed an 11.6 percent average rate decrease.

Florida's increases aren't staggering and in line with years prior to the Affordable Car Act becoming law. Health insurance rates have risen as much as 20 or 30 percent in recent years in the Sunshine State.

Critics of the health overhaul warned of huge rate increases, a signal they say shows the law isn't working.

Copyright AP - Associated Press
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