Lone Delaware ACA insurer files for 33.6 percent increase
DOVER Highmark, the lone insurance to file for the 2018 Affordable Care Act Marketplace, has proposed a 33.6 percent increase in costs, Delawares Department of Insurance said Wednesday.
The prepared statement from the insurance commissioners office said the requested rate increase assumes that the cost-sharing subsidies and individual mandate will not be in place for 2018.
Highmark BCBSDs proposed rate will be thoroughly vetted by the DOI and its independent actuaries before a final rate is determined, the statement said.
In May, Aetna, Inc. announced its plans to withdraw from the Affordable Care Acts Insurance Marketplace effective Jan. 1, 2018. leaving Highmark Blue Cross Blue Shield of Delaware as the only health insurer to have filed products and rates for Delawares 2018 Obamacare market.
Read more: http://delawarestatenews.net/health/lone-delaware-aca-insurer-files-33-6-percent-increase/