Health, life insurance companies proposing rate hikes - KTRE.com | Lufkin and Nacogdoches, Texas

Health, life insurance companies proposing rate hikes, including in AZ

PHOENIX (CBS5) -

A handful of health and life insurance companies have requested rate hikes in Arizona, in some cases wanting 18 percent more to cover increasing healthcare costs, they claim.

If approved, the changes would affect small businesses and people who don't have insurance through their employer and would take effect when renewing an insurance policy or applying for the first time.

"I just think it's bad timing with the economy and the way everything's going," Mark Huerta told us.

We're not talking about 10 or 20 people affected; we're talking about tens of thousands of Arizonans paying more to go to the doctor and fill prescriptions.

"A lot of it's corporate profit, I think," another man told us.

But companies like Aetna and Cigna claim they're requesting rate hikes to cover increasing healthcare costs. Aetna, for example wants to raise insurance for small businesses by 16 percent, which would affect more than 45,000 people. They last raised rates last year by 5 percent. Time Insurance wants to raise individual rates by 17 percent, affecting nearly 10,000 people; this, after a 27 percent rate increase in 2011. And Cigna wants to raise individual rates by 15 percent, which would cost more than 1,500 people an average of $76 more. They, too, raised rates in 2011 by 24 percent.

"Now I'm wondering, when can I go to the doctor?" Huerta asked. "How often can I go? So it's really changing everything up."

These companies are justifying the hikes by saying their revenue is no longer covering their administration expenses and healthcare costs. But it seems the average Joe is the one left feeling the pain.

"It's not like it used to be where things used to go generic really fast, they're keeping name brands out longer now," a man told us.

The Arizona Department of Insurance doesn't impose any limits on how often an insurance company can raise rates. It also doesn't approve or disapprove rate hikes. These rates increases are being reviewed by the U.S. Department of Health and Human Services. To see if you'll be affected, visit: http://companyprofiles.healthcare.gov/states/AZ/rate_reviews?search_method=rate_reviews.

Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.

  • East Texas NewsMore>>

  • Community rallies behind newborn after overcoming obstacles left behind by Hurricane Harvey

    Community rallies behind newborn after overcoming obstacles left behind by Hurricane Harvey

    Sunday, September 24 2017 7:23 PM EDT2017-09-24 23:23:50 GMT
    (Source: Crystal Sepulvado)(Source: Crystal Sepulvado)

    When Crystal and Shane Sepulvado learned they were pregnant with their third child, they were ecstatic. But immediately Crystal knew something was not right, as relied on her experience working at an OB-GYN office. "When we looked at the ultrasound, we has seen fluid around her heart," Crystal said. Doctors later explained to the couple that their unborn child had a hole between her ventricles. With an early pregnancy, the couple was rushed to Houston,...

    More >>

    When Crystal and Shane Sepulvado learned they were pregnant with their third child, they were ecstatic. But immediately Crystal knew something was not right, as relied on her experience working at an OB-GYN office. "When we looked at the ultrasound, we has seen fluid around her heart," Crystal said. Doctors later explained to the couple that their unborn child had a hole between her ventricles. With an early pregnancy, the couple was rushed to Houston,...

    More >>
  • Defense questions investigator in third day of Henderson trial

    Defense questions investigator in third day of Henderson trial

    Friday, September 22 2017 7:19 PM EDT2017-09-22 23:19:49 GMT
    James Henderson's defense attorney, Stanley Sokolowski, started off the third day of court by questioning the state's witness, Investigator Bill Rulland. The cross examination lasted most of the morning and even a little into the afternoon. According to Investigator Michael Molnes, with the Houston County Sheriff's Office, Sokolowski attempted to discredit Brenna Theuer's witness testimony, as well as testimony from Robert Mobley.  The trial is expected to head into closing arg...More >>
    James Henderson's defense attorney, Stanley Sokolowski, started off the third day of court by questioning the state's witness, Investigator Bill Rulland. The cross examination lasted most of the morning and even a little into the afternoon. According to Investigator Michael Molnes, with the Houston County Sheriff's Office, Sokolowski attempted to discredit Brenna Theuer's witness testimony, as well as testimony from Robert Mobley.  The trial is expected to head into closing arg...More >>
  • Tar-covered tires stick to parking lot of Lufkin tire shop

    Tar-covered tires stick to parking lot of Lufkin tire shop

    Friday, September 22 2017 7:09 PM EDT2017-09-22 23:09:01 GMT
    More than a few tar-covered tires are hanging on to the parking lot of a Lufkin tire shop.  On August 31, newly laid asphalt on Loop 287 started sticking to tires of those driving, leaving many of the cars un-driveable. As of Friday, the Texas Department of Transportation hadn't come out with an official cause for the incident, but that hasn't stopped over 600 people from filing claims with them. Copyright 2017 KTRE. All rights reserved.More >>
    More than a few tar-covered tires are hanging on to the parking lot of a Lufkin tire shop.  On August 31, newly laid asphalt on Loop 287 started sticking to tires of those driving, leaving many of the cars un-driveable. As of Friday, the Texas Department of Transportation hadn't come out with an official cause for the incident, but that hasn't stopped over 600 people from filing claims with them. Copyright 2017 KTRE. All rights reserved.More >>
Powered by Frankly