Florida Health Care Premiums To Rise 13.2% In 2015

From The WSJ.

"From an Aug. 4 news release issued by the Florida Office of Insurance Regulation:
 

Premiums for individual major medical plans in Florida that are compliant with the federal Patient Protection & Affordable Care Act (PPACA) regulatory requirements will go up an average of 13.2% in 2015, according to data provided to the Florida Office of Insurance Regulation (Office) by insurance providers. The Office has no rate approval authority over these filings. The average monthly premium for a Silver plan ranges between $938 and $1,452 for a family of four earning $51,000. Even with a federal subsidy, that could mean an out-of-pocket cost of $500 or more per month to have coverage that still requires Florida families to pay about 30% of expenses out-of-pocket for deductibles, copayments, and coinsurance.

"The rising premiums come on the heels of a 37% average increase in the combined individual and small group plan rates in 2014, per a study released in April by Morgan Stanley. MS +0.48% That confirms predictions the Office made last year of premium increases of 30-40% for the individual market plans and 5-20% for the small group market plans for plan year 2014."