The insurer attributed most of the hike to funding for cost-sharing reduction payments, which BCBSNC projects will not be provided in 2018.
BCBSNC said were it known if the cost-sharing reductions will be fully funded next year, its “requested increase would have been 8.8 percent.”
The payer said a tax on health insurers and increased medical costs also contributed to the change. BCBSNC said it is still unsure if it will participate in the 2018 ACA exchanges.
More articles on payer issues:
7 questions about UnitedHealth’s false claims lawsuits, answered
How Aetna, Anthem, Humana and UnitedHealth fared in Q1
CMS seeks to remove small business plan enrollment from ACA marketplace: 3 things to know
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