In Early Filings, Insurers Seeking Hefty Premium Increases For Obamacare Plans
Filings have been made public in only three states so far, but an analysis by Bloomberg finds prices there rising 20 percent on average. Helping drive the increases are insurers' concerns about the Trump administration's plans to enforce the health law's requirement that people get insurance or pay a penalty.
Obamacare Premiums Rise As Insurers Fret Over Law’s Shaky Future
Health insurers are asking for sharp increases in the cost of their Obamacare plans next year, thanks to instability in the law’s coverage markets that’s been compounded by the Trump administration. In Maryland, Virginia and Connecticut -- the first states to make filings public -- premiums for Affordable Care Act plans will rise more than 20 percent on average, according to data compiled by ACASignups.net and Bloomberg. The increases follow years of rising premiums under ex-President Barack Obama. (Tracer and Edney, 5/9)
The CT Mirror:
Health Insurers Seek Big Rate Hikes, Blame Obamacare’s Uncertain Future
The state’s health insurers are asking for sizeable rate increases for individual and small-business policies sold in 2018, led by Anthem, which is seeking an average 33.8 percent increase on plans covering individuals and their families. The insurers blamed the size of their rate hikes in large part on the unsteady future of the Affordable Care Act, which congressional Republicans are attempting to repeal. (Radelat, 5/8)