Maryland Health Insurers Seek Sky-High Premiums
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Title : Maryland Health Insurers Seek Sky-High Premiums
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Title : Maryland Health Insurers Seek Sky-High Premiums
link : Maryland Health Insurers Seek Sky-High Premiums
news-today.world | Maryland insurers are asking for large rate increases on healthcare sold on the individual health plan market in 2019, The Washington Post reports.
CareFirst Blue Cross Blue Shield, the largest insurer in the Mid-Atlantic, has requested an average 26.4 percent increase, including an 18.5 percent increase for its HMO plans and a 91.4 percent for its PPO plans. Kaiser Permanente requested a 37.4 increase on HMO plans. CareFirst and Kaiser are the only insurers still operating on the state's individual market.
"We are at a place in the individual market where any increase at all creates stress in the marketplace," Maryland health insurance commissioner Alfred W. Redmer said. "We have folks in Maryland that are struggling, that are trying to do the right thing — and they're paying more for their health insurance than they are for their mortgage. While an 18 percent increase is better than last year, it's still in some cases, catastrophic, if you're the young family that has got to pay that 18 percent increase."
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CareFirst Blue Cross Blue Shield, the largest insurer in the Mid-Atlantic, has requested an average 26.4 percent increase, including an 18.5 percent increase for its HMO plans and a 91.4 percent for its PPO plans. Kaiser Permanente requested a 37.4 increase on HMO plans. CareFirst and Kaiser are the only insurers still operating on the state's individual market.
"We are at a place in the individual market where any increase at all creates stress in the marketplace," Maryland health insurance commissioner Alfred W. Redmer said. "We have folks in Maryland that are struggling, that are trying to do the right thing — and they're paying more for their health insurance than they are for their mortgage. While an 18 percent increase is better than last year, it's still in some cases, catastrophic, if you're the young family that has got to pay that 18 percent increase."
More here
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You are now reading the article Maryland Health Insurers Seek Sky-High Premiums With link address https://newstoday-ok.blogspot.com/2018/05/maryland-health-insurers-seek-sky-high.html