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The top ObamaCare exchange insurers in six states where 2016 rate requests have already been filed are seeking to raise rates an average 18.6% next year.
Early reports range from an alarming 36% hike sought by the dominant insurer in Tennessee, to a hefty 23% average increase requested by Oregon insurers, to a moderate 7.7% average rise proposed in Connecticut.
The very limited data and the possibility that these initial requested rates might change, as they did in a significant way last year, make it hard to draw firm conclusions. But so far it appears that the Congressional Budget Office was on target in projecting a significantly bigger overall increase than in 2015.
Read More At Investor's Business Daily: ObamaCare Premium Increases Next Year May Shock You - Investors.com
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
Early reports range from an alarming 36% hike sought by the dominant insurer in Tennessee, to a hefty 23% average increase requested by Oregon insurers, to a moderate 7.7% average rise proposed in Connecticut.
The very limited data and the possibility that these initial requested rates might change, as they did in a significant way last year, make it hard to draw firm conclusions. But so far it appears that the Congressional Budget Office was on target in projecting a significantly bigger overall increase than in 2015.
Read More At Investor's Business Daily: ObamaCare Premium Increases Next Year May Shock You - Investors.com
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
