So comforting.
Hey, Minnesota, what about the really high deductibles? And subsidies? Hold on to your wallet taxpayers!
The rates for offerings by the four companies that remain in the plan will go up by only 4.5%, but the article very carefully doesn’t mention that the participants will be facing very much higher increases.
The companies that have dropped out of the program were the ones that offered the least expensive plans - and they covered the majority of patients in the plan.
That majority, who chose the inexpensive plans that are no longer offered, aren’t likely to be comforted by the knowledge that the expensive plans they didn’t want last year, but are now going to be forced to choose, aren’t going to be much more expensive than they were.