Hawaii's two largest health insurers are reporting $36 million in losses during the first quarter and blaming it on fees required by the federal Affordable Care Act.KITV
Aloha to $36 million.
Hawaii Medical Services Association posted losses of $30.1 million in the first quarter and said it recorded $46.1 million in fees related to Obamacare.
Kaiser Permanente reports losing $5.8 million and paying $8 million in fees.
Aloha to $30 million at Hawaii Medical Services Association.
Aloha to $46 million in fee's to Washington.
Aloha to Kaiser for $5.8 million.
HMSA spokeswoman Robyn Kuraoka says the company has proposed increasing premiums by an average of 13 percent.
Aloha to HMSA.
Aloha to higher premiums passed on to the policyholders and to the government.