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Sunday, November 19, 2017, 8:46 a.m.

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Double-digit increases OK’d for Arkansas’ health plans after subsidy paid to insurers ends

By Andy Davis

This article was originally published October 14, 2017 at 4:30 a.m. Updated October 16, 2017 at 4:30 a.m.

Gov Asa Hutchinson is shown in this file photo.

In response to President Donald Trump's decision to end a subsidy for health insurance companies, Arkansas Insurance Commissioner Allen Kerr on Friday approved double-digit rate increases for the plans that will be offered on the state's insurance exchange next year.

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Print Headline: State rates jump as subsidy paid to insurers ends; For Arkansas’ health plans, double-digit increases OK’d

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Comments on: Double-digit increases OK’d for Arkansas’ health plans after subsidy paid to insurers ends

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Jfish says... October 14, 2017 at 7:37 a.m.

The entire insurance industry (health, home, auto, etc.) is a racket. They just pass on any costs to the consumer without any reform. I am in my 50's and never had a home or auto claim, yet my premiums are not significantly lower than those who have. Also, I am one of three people that I know who have actually paid to have their roof replaced. 95% of the people that I talk to claim hail damage. A person with a 25 year old roof pays the same as a person with a 1 year old roof on a hail damage claim, explain that one. You can probably expect your home premiums to go up also because of the recent hurricanes. Although people build too close to the coasts and poor city planning cause these event to be much worse than they have to be, nothing will change.

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BOLTAR says... October 14, 2017 at 8:04 a.m.

Trumpsters are getting their self-destructive wish.

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RBear says... October 14, 2017 at 8:09 a.m.

Jfish, no dispute on the issues related to costs but show me a Republican who would be bold enough to enact legislation with more restrictive building codes or controls. In Texas, any attempt at regulation along the coast failed in the Republican controlled legislature. Any attempt at creating a wind pool to offset the costs falters when measures to increase the reserve are proposed.
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Putting this back on track, Republicans continue to weaken the insurance reserve by segregating the risk pools, driving up costs in those pools with less healthy individuals. I hate to be partisan on this, but Democrats have understood the need for cost control and shared risk for decades. Republicans hack at the system, creating the funding challenges of the pools.

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Jfish says... October 14, 2017 at 8:24 a.m.

I agree RBear, follow the money and 9 times out of 10 it will lead you to the address of a major lobby in DC.

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NoUserName says... October 14, 2017 at 8:24 a.m.

"I am in my 50's and never had a home or auto claim, yet my premiums are not significantly lower than those who have"
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And? I wouldn't disagree that there should be SOME difference, but that's the whole point of insurance.

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TimberTopper says... October 14, 2017 at 8:32 a.m.

fish and no name, at least every 3 years you should shop all your insurance coverages, with as many companies as you can.

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skeptic1 says... October 14, 2017 at 9 a.m.

Trump has no choice, his party refuses to govern. Obamacare never should have been passed the way it was and it is imploding now, maybe congress' constituents will pressure them into doing their jobs or be tossed out.

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Jfish says... October 14, 2017 at 10:04 a.m.

Timber, you are probably right, I am loyal to a fault and hate change. I understand NUN, but what is my incentive for being a safe driver and taking care of my roof?

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drs01 says... October 14, 2017 at 10:17 a.m.

When you take away the carrot that enticed insurance companies to partner in the fraud that is Obamacare, you get a true picture of the cost. Now, maybe there will be honest, intelligent efforts to replace it.
Frankly, I had better coverage at much cheaper rates before this Obamacare was crammed down our throats or stuck up the other end.
I'm reminded of a saying from my school days, "there ain't no free lunches; someone must always pay".

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JakeTidmore says... October 14, 2017 at 10:29 a.m.

The opponents of the Affordable Health Care Act look more and more idiotic every day. The Trumpsters are getting ripped in their health insurance rates and amount of coverage because of Trump's decrees. Republican lawmakers are doing this to their voters and those fools still think it's Obama's fault. Were they born stupid or did they evolve that way???

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