Pennsylvania individual ACA premiums to rise an average 32.5%

The Pennsylvania Insurance Department released 2017 Affordable Care Act rates for individual and small group plans, with individual premium rates rising an average 32.5 percent.

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Below are approved increases for insurers offering individual plans on the state’s exchange.

  • Capital Advantage Assurance (43.3 percent)
  • Keystone Health Plan Central (32.4 percent)
  • Highmark (50.2 percent)
  • Geisinger Health Plan (42.1 percent)
  • Keystone Health Plan East (28 percent)
  • Independence Blue Cross (28.4 percent)
  • UPMC Health Coverage (17.9 percent)

Small group plan premiums will increase an average 7.1 percent for next year. Seventy-five percent of Pennsylvania residents who purchase ACA health plans receive subsidies to offset costs.

Insurance Commissioner Teresa Miller also moved to join a lawsuit against the federal government requesting required risk corridor payments to health insurer Highmark.

More articles about payer issues:
Most of NC will have one insurer selling in the 2017 ACA marketplace
Cigna faces allegations of prescription overcharging tactics
Michigan small businesses look to state for health insurance assistance

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