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Indiana's ACA health insurance providers propose rate hikes

<p>Good news! Annual increases in health care premiums have slowed way down since 2010.</p><p>Bad news: Overall health care costs continue to eat up an ever-larger chunk of your money.</p><p><a href="http://www.commonwealthfund.org/publications/issue-briefs/2015/jan/state-trends-in-employer-coverage" target="_blank">The Commonwealth Fund released its analysis</a> of employer-provided health care plans Thursday, including <a href="http://www.commonwealthfund.org/interactives-and-data/maps-and-data/employer-health-insurance-premiums" target="_blank">a state-by-state map</a> showing what happened to premiums and deductibles.</p><p>In 2003, out-of-pocket costs like premiums and deductibles took up 5.3 percent of a median household&#39;s income. In 2010, it was 8.4. The latest numbers from 2013 &mdash;&nbsp;nearly 10 percent of income.</p><p>So yes, the growth has slowed down since the passage of the Affordable Care Act, as <a href="https://www.youtube.com/watch?v=8WBoC7bG5gw" target="_blank">The White House</a> had hoped.&nbsp;</p><p>But premiums still increased three times faster than wages. And in seven states&nbsp;including Nevada, New Mexico and Texas,&nbsp;the average premium in 2013 was at least &mdash;&nbsp;get ready for it &mdash;&nbsp;25 percent&nbsp;of median income. <a href="http://www.commonwealthfund.org/publications/issue-briefs/2015/jan/state-trends-in-employer-coverage" target="_blank">The report&#39;s authors wrote</a>, <strong>&quot;Workers are paying more but getting less protective benefits.&quot;</strong></p><p>And they also predicted more government help may be necessary with recent forecasts showing private insurance growth rates will pick back up in 2015.</p><p><em>This video includes images from Getty Images and <a href="https://www.flickr.com/photos/meddygarnet/3489151194/in/photolist-6jjP6d-ELWyo-5UicAj-9Umgsm-6SWpDY-7fdNee-7ghgjK-mDAj6H-zEb3g-68G3xQ-32rmV-GZLo-7TYC5w-4Nzdo6-4Nzdyk-4NxhZJ-JBvWR-5Vq2v2-yNHJq-2Twrq-9RjpG5-dCXDFM-4NzdbP-4NzcNZ-4NDsks-4Nzd1k-4NzcBR-9m11Hp-GmK1T-9vDzNC-83pRBE-2njZvU-83pTcJ-6i8hiC-7qtr64-5VJgRo-8AMxfk-fU7DvF-bBTTqD-7Mbu91-dDoQTx-ddj6f9-6wFjpd-KEC3F-Ao9hu-6arQ8n-97ZAm6-5UMz9y-4iHBwr-7Zg2oy" target="_blank">meddygarnet / CC BY 2.0</a>.</em></p><p><em>This video includes images from Getty Images and <a href="https://www.flickr.com/photos/meddygarnet/3489151194/in/photolist-6jjP6d-ELWyo-5UicAj-9Umgsm-6SWpDY-7fdNee-7ghgjK-mDAj6H-zEb3g-68G3xQ-32rmV-GZLo-7TYC5w-4Nzdo6-4Nzdyk-4NxhZJ-JBvWR-5Vq2v2-yNHJq-2Twrq-9RjpG5-dCXDFM-4NzdbP-4NzcNZ-4NDsks-4Nzd1k-4NzcBR-9m11Hp-GmK1T-9vDzNC-83pRBE-2njZvU-83pTcJ-6i8hiC-7qtr64-5VJgRo-8AMxfk-fU7DvF-bBTTqD-7Mbu91-dDoQTx-ddj6f9-6wFjpd-KEC3F-Ao9hu-6arQ8n-97ZAm6-5UMz9y-4iHBwr-7Zg2oy" target="_blank">meddygarnet / CC BY 2.0</a>.</em></p>
Posted at 12:05 PM, Jun 25, 2017
and last updated 2017-06-25 12:05:22-04

INDIANAPOLIS (AP) - Indiana residents who purchase individual health care coverage through the Affordable Care Act's insurance exchanges could see premiums rise next year - or even double in some cases.

The state Department of Insurance released proposed 2018 rates on Thursday.

Health insurers Anthem and MDwise are both withdrawing from the ACA's Indiana marketplace next year.

That leaves CareSource Indiana Inc. and Celtic Insurance Company as the last two providers.

Some CareSource customers could see their rates drop by 9 percent if the change is approved. But others may see as much as a 12 percent increase. The average monthly premium would be $423.

Celtic is asking for a minimum increase of 24 percent, with a maximum increase of 117 percent. Their average premium would be $452.

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