Insurance rates reaching double digits for Nebraskans — 5 points

Health insurance rates in the federal marketplace for individual and small-groups are expected to reach double digits next year as they were approved by the Nebraska Department of Insurance, according to JournalStar.com.

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Here are five points on the rising rates.

1. For those who don’t have insurance through their work, their insurance rates are projected to increase by 12 percent to 32 percent for Blue Cross and Blue Shield of Nebraska and Coventry CHE in the federal marketplace.

2.  Medica and UnitedHealthcare of the Midlands posed rates with no comparison to last year because they were not in the Nebraska marketplace under the Affordable Care Act at the time.

3. Insurer say they raised rates because they suffered steep financial losses from the government permitting extensions through 2017 for group and individual plans that did not comply with the ACA.

4. Payers also suffered losses from high medical claims and from Congress scaling back on risk mitigation payments to insurers.

5. The 2016 insurance rates are approved by the state, but have to show up on the federal healthcare.gov website to be final. The Nebraska Department of Insurance will post plan scenarios and rates to help consumers prepare for the open enrollment period.

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