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Insurance rate hikes sought in federal marketplace

The Associated Press, July 23, 2014

Thousands of people who bought health insurance through the marketplace created by the federal health care overhaul face price hikes next year that could top 10 percent.

More than 60,000 people who get health insurance through the individual marketplace — which was expanded by the federal Affordable Care Act — are in line for double-digit rate increases on Jan. 1 if they keep their current policies.

The companies filed paperwork with Louisiana’s insurance department outlining those planned rate increases for 2015. Lower rate hikes falling below 10 percent next year will hit individual market policies covering another 27,000 people.

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