| | | We knew these huge price increases were coming...how will individuals be able to afford this?
Health insurers seek big premium hikes for ObamaCare plans in 2016
Published June 02, 2015
FoxNews.com
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FILE - In this photo taken Wednesday, July 17, 2013, Blue Cross Blue Shield of North Carolina employee Lew Borman, left, helps a customer outside a trailer at the downtown farmer's market in Raleigh, N.C. (AP Photo/Gerry Broome, File)
Dozens of health insurers selling plans under ObamaCare have requested hefty premium increases for 2016, according to preliminary information published Monday by the White House.
The insurers have cited higher-than-expected care costs from customers they gained under the ObamaCare's coverage expansion and the rising cost of prescription drugs and other expenses as reasons for proposing the increases, many of which are in the double-digit percentages.
Among the market leaders, Blue Cross and Blue Shield of North Carolina is seeking a roughly 26 percent premium increase, while plans in Illinois and Florida, among other states, are asking for hikes of 20 percent or more. In Pennsylvania, Highmark Health Insurance Co. is asking for a 30 percent increase. |
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