Governor Beebe Says Insurance Expected to Cost Less Next Year
The governor's office says Arkansas' health insurance premiums under the "private option" Medicaid expansion are projected to decrease by 2 percent next year. In a Tuesday news release, the governor's office said there won't be a blanket reduction - some premiums may rise slightly and others may stay the same or go down.
Overall, policyholders will pay 2 percent less in the coming year. The governor's office says it is releasing the projection because incomplete information was mistakenly posted on a state Insurance Department website.
Once the U.S. Health and Human Services Department certifies the plans for next year, official rates will be set. Final numbers are to be known before the start of open enrollment on Nov. 15.
Legislators are to consider in 2015 whether to renew the program.