Health insurers seek rate increases ranging from 3.6% to 33.8%
Health insurance rates in the state could spike by up to 52 percent for some consumers, under new rate requests filed with the Department of Insurance.
Experts cited many possible reasons for the steep proposed increases — including uncertainty over the fate of the Affordable Care Act, also known as Obamacare.
“Many of the changes proposed on the federal level could affect the (rates),” said Patricia Baker, president and CEO of the Connecticut Health Foundation, which works to give low-income residents better health care access.
The state’s insurance department announced Monday that 10 health insurance companies have filed for rate increases for the 2018 individual and small group markets that range from 3.6 percent to 33.8 percent. The plans filing for the increases provide coverage to about 270,000 people.
Read more: http://www.thehour.com/local/article/Insurers-seek-rate-increases-of-up-to-33-8-percent-11129709.php