General Discussion
In reply to the discussion: This message was self-deleted by its author [View all]Honeycombe8
(37,648 posts)Ins. cos. NOW are required to pay out 85% (for group policies) in claims. If the premiums collect give them more than 15% over and above the claims paid out, the ins cos. are required to refund those amounts.
United Healthcare gave my company a refund last year because of that cap.
Your free preventive care is not free. The ins. cos. include that in the "claims paid" amount, and raise their rates accordingly. The thinking is that it encourages more people to get preventive care and catch illnesses early, I guess. But it's not free. Ain't nothin' ever free.
One thing that had an impact was the birth control coverage...don't know if that was part of ACA. I think it was a separate bill. That's uber expensive, and of course, raises rates.
Not sure why your policy doubled. Sounds like someone's pulling your leg. Do yu have an individual or group policy? My company's insurer wanted to raise rates a lot, so it shopped around and found a cheaper group policy rate from another ins. co. And the rates are LESS than last year. Coverage is the same or better.
There is nothing in ACA, that I've heard of - including in your OP - that would cause an insurer to double rates. If it doubled, there's something else at play....a huge amount of claims had to be paid or something. You have to shop around every year.