Posted: 08/20/14 01:29
by Dave Mindeman
Minnesota Republicans are gleefully awaiting October....because that is when they will be able to relentlessly attack Democrats on MNsure and Obamacare. You see that is when the new health insurance rates for the following year will come out (which Dayton could have held back but didn't). And the GOP is not hesitating to come out with their predictions. They are fully anticipating huge double digit increases in those premiums.
The Democrats are doomed.
But the same scenario was laid out for Connecticut....
The headlines were all too predictable when Anthem Blue Cross Blue Shield announced in June that it would request an average 12.5 percent premium increase for its Connecticut market. "Now EVEN MORE States Report Double-Digit Premium Hikes," the conservative Daily Caller trumpeted.
Funny thing, but there always seems to be a "but" on the conservative "good" news on Obamacare issues....
But that wasn't the whole story. It never is with Obamacare premium news, though that hasn't stopped news outlets from blaring headlines like that one from the Daily Caller whenever an insurance company announces its proposed rates for next year. Skyrocketing premiums are one of the last anti-Obamacare talking points that conservatives have to hold onto.
The problem for conservative talking points stems from an Obamacare regulation that gives state insurance regulators the final say....and with some teeth. Obamacare gives state and federal regulators the ability to demand a justification from any insurer for any proposed rate increase greater than 10 percent.
So what really happened in Connecticut?
But then on Monday, the conclusion of the Connecticut story came. State insurance regulators had rejected Anthem's proposed 12.5 percent premium hike. So after some revisions, the company would instead lower its premiums ever so slightly on average -- 0.1 percent -- in 2015, the Connecticut Mirror reported.
No increase at all. The insurance company couldn't justify the proposed rate increase with evidence. Just like the Franken amendment that forces insurance companies to return money that is over spent on administration, the watchdog part of Obamacare keeps insurance rates reasonable.
Now this won't stop the MN GOP from using a megaphone to publicize any rate increase proposal by insurance carriers that exceeds double digit increases. They will surely do that. But, remember, it is a "proposal"...and if it becomes that much of an increase, regulators will get to have the final word.
And that final word is what protects consumers in the end.