Insurers cite uncertainty in filing ObamaCare rate hikes

Source: The Hill

“Insurers’ requests for premium increases in 2018 varied widely amid uncertainty surrounding how the Trump administration will implement ObamaCare, a new analysis finds. The Kaiser Family Foundation analyzed initial premium requests from 21 major cities, and found the rate requests ran the gamut from a 5 percent decrease in Providence, R.I., to a 49 percent increase in Wilmington, Del. Some areas saw more modest increases or virtually no change. … The insurance plans took different approaches to crafting their rate requests. Some factored in the uncertain environment. Some states asked insurers to file two sets of rates, with the second including a big increase if the federal government discontinued critical payments to insurance companies.” (08/10/17)