Lone Delaware ACA insurer files for 33.6 percent increase [View all]

DOVER — Highmark, the lone insurance to file for the 2018 Affordable Care Act Marketplace, has proposed a 33.6 percent increase in costs, Delaware’s Department of Insurance said Wednesday.

The prepared statement from the insurance commissioner’s office said the requested rate increase assumes that the cost-sharing subsidies and individual mandate will not be in place for 2018.

“Highmark BCBSD’s proposed rate will be thoroughly vetted by the DOI and its independent actuaries before a final rate is determined,” the statement said.

In May, Aetna, Inc. announced its plans to withdraw from the Affordable Care Act’s Insurance Marketplace effective Jan. 1, 2018. leaving Highmark Blue Cross Blue Shield of Delaware as the only health insurer to have filed products and rates for Delaware’s 2018 “Obamacare” market.

Read more: http://delawarestatenews.net/health/lone-delaware-aca-insurer-files-33-6-percent-increase/