Associated Industries of Massachusetts survey finds huge variability in health insurance premium changes under 'Obamacare' - masslive.com -Western Massachusetts Economic Development Council

Associated Industries of Massachusetts survey finds huge variability in health insurance premium changes under 'Obamacare'

masslive.com Dec 2 2013 Health Care

Employees of MicroTek in Chicopee will be paying a little bit more for their health insurance in 2014, as some provisions of the Affordable Care Act begin to kick in. But the impact will not be major. MicroTek CEO Anne Paradis said the company was able to renew its health coverage for January and offer the same two plans it has previously. The new rates are not unusually high.
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Quotes
1. Every year when we renew our health insurance, it goes up. This year was no different.
2. These numbers are pretty much in line with what we've been expecting and certainly with what the health insurance companies developed in their modeling.
3. If they saw a modest premium increase, they can always talk to their broker or go to the exchange and look at whatever options might be available to them to mitigate potential increases.
4. The change in rating methodology means there are winners and losers.
5. We had a system that was working, and now we're going into a different system and we're not sure it's going to work or not.
6. What's going to happen is all the good work that the state has done in the last seven years since Romneycare's been in is going to come unraveled.
Topics Mentioned
Authors
- Shira Schoenberg, The Republican
- #!/Shiraschoenberg