ACA premium rate increase requests range from 6.7% to 59%

Affordable Care Act’s premium rate requests being released this week for 2018 exchanges show a range from 6.7% in Vermont to 58.8% in Maryland. All insurers have until June 21st to file their rate requests with the federal government, and they are predicting double digit premium increases due to the Trump administration making no guarantee over the continuation of cost-sharing reduction payments.

An article published on Healthcare Finance states that, “The federal CSR subsidies allowed insurers to offer low-income consumers lower deductibles and out-of-pocket costs. Without them, premiums are expected to rise by at least 20 percent for 2018”

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