Michigan to see 16.7% hike on ACA plan premiums next year

The Michigan Department of Insurance and Financial Services released 2017 premium rates for health plans sold on the federal marketplace, with individual premiums set to jump an average 16.7 percent.

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Four payers — Harbor Health Plan, UnitedHealthcare, Priority Health Insurance preferred provider organization and Alliance Health and Life Insurance PPO — will all exit Michigan’s 2017 Affordable Care Act marketplace. Approximately 10,000 consumers will be affected.

All counties in the Lower Peninsula of Michigan will house at least three ACA marketplace insurers, with the state’s most populous county — Wayne — housing nine. All counties in the Upper Peninsula of Michigan will have two payers, save for Schoolcraft County, which will have a single payer. 

The nine payers offering individual health plans on Michigan’s ACA exchange were approved for the following premium increases.

  • Blue Care Network of Michigan (14.8 percent)
  • Blue Cross Blue Shield of Michigan (18.7 percent)
  • Health Alliance Plan (16.8 percent)
  • Humana Medical Plan of Michigan (39.2 percent)
  • McLaren Health Plan (12.2 percent)
  • Meridian Health Plan of Michigan (9.3 percent)
  • Molina Healthcare of Michigan (3.2 percent)
  • Physicians Health Plan (6.7 percent)
  • Priority Health (13.9 percent)

The DOI said small group premiums are set to rise an average 2.5 percent.  

More articles about payer issues:
Health Partners expands Pennsylvania footprint to 3 counties
BCBS of New Hampshire to cover Medicare Advantage remote healthcare access
US News & World Report: Top 17 Medicare Advantage plans

 

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