Insurers participating in the Affordable Care Act’s markets are having to file their proposed rate increases for next year, and as they file in, states are seeing 30 percent increases as the norm. There’s one reason for the hikes everyone agrees to: Republicans. Between Congress’s Trumpcare fiasco and popular vote loser Donald Trump’s sabotage, there’s just too much uncertainty and insurers have to hedge their bets by increasing rates.
Big insurers in Idaho, West Virginia, South Carolina, Iowa and Wyoming are seeking to raise premiums by averages close to 30% or more, according to preliminary rate requests published Tuesday by the U.S. Department of Health and Human Services. Major marketplace players in New Mexico, Tennessee, North Dakota and Hawaii indicated they were looking for average increases of 20% or more. […]
Together the filings show the uncertainty in the health-insurance marketplaces as insurers around the U.S.
to make decisions about rates and participation for next year amid open questions about changes that could come from the Trump administration and Congress.
Insurers face a mid-August deadline for completing their rates. The companies have until late September to sign federal agreements to offer plans in 2018. In some cases, insurers warn, the figures revealed by federal regulators may not reflect their up-to-date thinking.