NEWS RELEASE: State Insurance Commissioner’s Ststement on HMSA’s Request to Raise Premiums for Individual ACA health plans almost 50 percentPosted on Jun 2, 2015 in News Releases
DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
DAVID Y. IGE
CATHERINE P. AWAKUNI COLÓN
GORDON I. ITO
FOR IMMEDIATE RELEASE
June 2, 2015
State Insurance Commissioner’s Statement on HMSA’s Request to Raise Premiums for Individual ACA Health Plans almost 50 percent
HONOLULU – State Insurance Commissioner Gordon Ito today issued the following statement regarding HMSA’s request filed with the Insurance Division to raise premiums for individual Affordable Care Act (ACA) health plans for 2016:
“This is the highest premium increase ever requested by HMSA. The requested increase for an average of 49.1 percent for the ACA individual plan will be closely scrutinized.
“The Insurance Division will actively seek reductions to the proposed request, where possible, to ensure fairness to all parties involved.
“If medical expenditures paid out for healthcare services under the ACA individual plan are too high, the division’s ability to drastically reduce this requested increase will be limited.”
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