For consumers purchasing health insurance under the Affordable Care Act next year, plans may no longer be quite as “affordable” as they were in the past.
Health insurance companies around the country are providing states with their proposed premium rates for 2016, and changes include rate hikes of up to 51 percent in New Mexico and more than 30 percent in Maryland and Tennessee.
The proposed rate changes come as the Supreme Court prepares to deliver its ruling on the case King v. Burwell, which will determine if consumers purchasing insurance on the federal exchange are eligible for subsidies, and as Republicans continue to push for a full repeal of the health care law.
“This is going to be a phenomenon of insurers that priced more optimistically instead of defensively,” Ed Haislmaier, a senior research fellow in health policy studies at The Heritage Foundation, told The Daily Signal of providers with hefty rate increases.
Perhaps the most drastic rate hike comes from New Mexico, where Health Care Services Corp. requested a 51.6 percent increase to premiums. The rate hike must be approved by the state.
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