Health care costs skyrocket 265% in Virginia this year as Big Pharma plunders America’s “sick care” economy

Monday, January 8, 2018
By Paul Martin

by: Isabelle Z.
Monday, January 08, 2018

Virginia residents have a big motivation to make getting healthy part of their new year’s resolution as reports indicate that health insurance premiums in the state’s individual marketplace could rise by as much as 265 percent in 2017.

An Affordable Care Act filing from the Virginia State Corporation Commission shows that Optima Health Plan customers have a maximum allowable premium increase of 265.5 percent, which is the biggest increase in the state’s individual market for the year. Some health plans from Life Insurance Company and Cigna Health, meanwhile, are set to increase by 168.6 percent in 2018.

If none of those increases apply to you, you’re not out of the woods yet: Group Hospitalization and Medical Services, Inc. customers are facing maximum allowable increases of 213.2 percent next year, while CareFirst BlueChoice, Inc. clients should expect to pay 162.5 percent more in 2018 than they did in 2017.

Some Piedmont Community HealthCare HMO enrollees will be paying 161.7 percent more this year, while Kaiser Foundation Health Plan customers must shell out 107.8 percent more. Even the smallest rise noted is far from modest: HealthKeepers, Inc. customers will be required to fork over 64.1 percent more this year. The national average for 2018 premium hikes in the individual market is 37 percent.

In Hawaii, higher costs will be seen across the board, with those who use health plans under the Affordable Care Act seeing far higher increases in their rates than those who receive health coverage through their employers. There, 34,000 people who are enrolled in Kaiser’s ACA health plan or HMSA will see premium hikes of 24.1 percent and 19.8 percent on average, respectively.

Thank Big Pharma for rising health care costs

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