The number of health insurers willing to compete in the federally run Health Insurance Marketplace for Florida enrollees for 2015 has grown, according to forms filed with a state agency by Friday’s deadline. One that stayed out last year, giant UnitedHealthcare, is among them.
In general, studies show the more competitors, the more moderate the premiums. But Floridians won’t know that for at least a month. While other states are learning what the rates for 2015 will be — and finding a mix of increases and rate cuts — Florida’s Office of Insurance Regulation is allowing plans to withhold the information under the state’s “trade secrets” law.
Just two companies provided that information as of Friday, the deadline for filing: Molina Health Plans will reduce rates for 2015 by an average of 11.6 percent and Humana will raise HMO premiums an average of 14.1 percent and PPOs 2.2 percent, the Tampa Bay Times reports.
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