In the 10 states where data is available, at least 27 new insurers, including some big ones like United Health Care and Aetna, have said they will join, some at lower rates (Aetna at least) than what is currently available. In the 6 states which have released preliminary rate proposals, all have some of the participating insurers coming in with lower rates.
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The new rates won't be official until Jan 2015. I have only seen rates for Maine, New Jersey, Ohio, Connecticut, and one other I don't remember at the moment; those are who I am referring to. Hope is competition will do what Rs says it will do.
Perfect, thank you Larry.
I like to add one thing. Buying insurance is not easy. You need to check to see which doctors are in their network. You need to check to see if your your medicines are covered. With any insurance, you have to do the homework to make the right choice
The hope is that as new insurers enter the market place and more competition occurs because, presumably, there is money to be made, both the networks and the drug coverage will expand. But, only time will tell.