Iowa Insurance Division Says Rates Hikes Not Widespread

DES MOINES, Iowa (AP) — A state regulator says fewer than 2 percent of Iowans will be hit by state-approved health insurance rate increases.

The Iowa Insurance Division said Wednesday that it had approved 2015 increases averaging 8.7 percent to 19 percent for Iowans who bought individual policies from Coventry Healthcare, Wellmark Blue Cross & Blue Shield, and CoOportunity Health.

The department says the increases were justified, in part by costs associated with the federal Affordable Care Act.

Insurance Commissioner Nick Gerhart told The Des Moines Register that Iowa’s overall health insurance climate is stable, with most premium increases being relatively small.