Tennessee's biggest health insurers are requesting big premium hikes for next year's federal marketplace due to a number of factors, including an older, sicker than average enrollee population.
According to state filings, BlueCross BlueShield of Tennessee is requesting the state approve a 19 percent increase. Humana is requesting a 14.4 percent increase, and Cigna is requesting an increase of 7.5 percent.
Though health insurance premiums rise with inflation every year, both consumers and industry players have been watching to see if the Affordable Care Act and federal marketplace would significantly affect that rate of increase. Insurers across the country this year faced the challenge of setting prices for a brand new federal market and their 2015 rates should provide some perspective on their first year of business.
A number of market factors could cause higher than average price increases on a state-by-state basis. Though Tennessee had some of the lowest premiums in the countr