Ohio Health Insurance Costs May Spike 88% for Individuals

The Ohio Department of Insurance released a study projecting the costs for health insurers across the state to cover individuals would skyrocket an average 88 percent, although the blow for many customers would be dulled by federal subsidies on the health insurance exchange, according to a report by the Columbus Dispatch.

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Health insurers would see costs rise from $223 per individual per month to $420, due in part to more comprehensive minimum benefits required by the health law, according to sources cited by the report. Historically, the report noted, Ohio’s health insurance costs were among the lowest in the country.

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