No, Joe, as the article states, the uncertainty of the marketplace is a major contributor to the premium increase requests.  Markets hate uncertainty, which seems to be the middle name of every flawed attempt by Republicans to repeal and replace Obamacare. 

PS. Obamacare strictly regulated health insurance company profitability percentages.  Your statement is utterly betrayed by reality. They would have to refund premium overages that resulted in excess profits.