Insurance brokers had considered the health plans sold by the Maryland-based insurer to be among the cheapest with the most extensive provider networks available to Missouri consumers.But, hey, if I posted every article about eye-popping rate hikes in Obamacare exchanges next year, we’d have room for nothing else on this blog for the next few weeks. So, I’ll leave it to my Forbes colleague and Obamacare fan, Bruce Japsen, to roll up the whole story.
But Coventry’s strategy appears to have caught up with it, and the insurer is now asking federal regulators to approve an average rate increase of 23 percent for plans sold in the St. Louis area. (Jordan Shapiro, “Coventry Health Care seeks double-digit price hike for health plans,” St. Louis Post-Dispatch, June 2, 2015)
Read the entire entry at NCPA's Health Policy Blog.