When it was announced that Wellmark gained approval by the State of Iowa’s insurance department to increase the individual rates, panic set in; however, most people never heard the rest of the story.
This rate increase only affected a small percentage of folks in the individual market. So, the question becomes, what drives the increases in our premiums. I came across an article called, “Key factors affecting rising health care costs”, and there are four factors mentioned and outlined. Thought you might find this to be beneficial.