People shopping for insurance through the Affordable Care Act in yet more regions will be facing higher prices and fewer choices next year as insurance companies lay out their early plans for 2018.
Blue Cross and Blue Shield of North Carolina is asking regulators for a 23 percent price hike next year because it doesnβt expect crucial payments from the federal government to continue.
According to an article in the the News&Observer, “The steep rate request follows a 24.3 percent rate increase for this year and a 32.5 percent increase in 2016. The companyβs ACA rates have more than doubled since the law made health insurance mandatory in 2014.”
Other insurers, such as Aetna and Humana, have also said they will abandon this kind of coverage, though some, including Centene say they will stick around.
