Highmark in Delaware requests 34% rate increase for individual market plans

Wilmington-based Highmark Blue Cross Blue Shield of Delaware requested an average 33.6 percent rate hike for individual ACA exchange plans next year, according to Smyrna-Clayton Sun-Times.

Advertisement

The proposed increase assumes the ACA’s cost-sharing reductions, which help insurers offset the cost of providing discounted deductibles to low-income ACA health plan enrollees, will discontinue in 2018.

The proposed increase requires Delaware Department of Insurance approval.

Highmark BCBSD is the sole insurer in the state to file ACA exchange policies and rates for next year, according to the report. 

More articles on payer issues:
Cleveland Clinic, Oscar Health to offer co-branded health plan
Centene to enter ACA exchanges in 3 states
BCBS of Louisiana names CMO: 5 notes

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Legal & Regulatory Issues

Advertisement

Comments are closed.