Insurance Regulators Approve Massive Obamacare Rate Hikes

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Title : Insurance Regulators Approve Massive Obamacare Rate Hikes
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news-today.world | State insurance regulators approved a slew of rate increases for insurers on the Maryland Health Connection marketplace.

The Maryland Insurance Administration, in many cases, didn't approve quite the rate increases desired for small group and individual plans. However, patients on CareFirst BlueChoice, which insures more than 150,000 Marylanders, will pay more than one-third more than they did for this year's plan. CareFirst sought a 50 percent hike on average.

CareFirst of Maryland and Group Hospitalization and Medical Services sought a 58.8 percent hike, but were granted a 49.9 percent increase. Kaiser wanted to raise its rates by an average of 23.4 percent, and were granted an increase just a little less. Read the sample rates for 2018.

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