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Premiums of Many Qualified Health Plans to Increase Significantly in 2016

The Affordable Care Act (ACA) requires insurers to report the premium rates for any insurance plan that they are planning to increase by 10 percent or more for the next year. While none of these rates are final, they are good indicators of the cost of insurance in 2016. In all, 48 states (including DC) requested significant increases in either the individual or the small group market, while 34 states had at least one individual market plan that requested significant increases. The graph below shows the percentage of individual market Qualified Health Plans (QHP) that requested premium increases in each state. Of those 34 states, Delaware, South Dakota, and West Virginia saw every 2015 QHP request significant premium rate increases. Overall, 47 percent of the 2015 QHPs requested significant rate increases in these states.[1]



[1] All premium information from https://ratereview.healthcare.gov/

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