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.

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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