From the Des Moines Register:
The state’s largest provider of health insurance wants to raise premium rates for about 250,000 policyholders in Iowa and South Dakota.
Wellmark Blue Cross and Blue Shield told the Register today that it is seeking to raise rates next year by less than 5.9 percent for a vast majority of its individual and small business insurance policies.
Of the 253,000 people affected, 92 percent would see a rate increase of less than 5.9 percent, according to numbers provided by Wellmark.
For the remaining 7.5 percent – those who have post-ACA plans for individuals under 65 – Wellmark is asking for a rate increase between 11 percent and 14.5 percent.