Proposed rates for the 2018 Missouri health insurance exchange were released on Friday by the Missouri Department of Insurance.
While the Department and our state’s carriers both deserve credit for ensuring that all counties in MO have ACA coverage, this comes at significant cost. Requested increases average between 35 and 42% according to a review by the Department and as reported here.
What makes these increases even worse is that they come with compromised transparency to the general public, allowing carriers to hide critical elements they are relying on to justify significant increases. While many states allow no redactions at all, Missouri insurance companies routinely omit reasons for increases from public documents. You can read CCM’s request and legal argument for more transparency here.
Join Consumers Council of Missouri as we weigh in on these proposed rates. By federal law, the public has 30 days to comment. Contact us if you’d like guidance on submitting comment.