Health Insurers in Maryland Request Premium Rate Hikes as High as 150%

No reason to fix this.

(From The Washington Free Beacon)

Health care insurers in Maryland have requested premium rate hikes as high as 150.83 percent for next year, according to the state’s insurance administration.

The five insurers in the individual market requested three different rates to the insurance commissioner, which included a minimum rate increase, a maximum rate increase, and an average rate increase.

The insurers serving the individual market in Maryland include CareFirst BlueChoice, Inc., CareFirst of Maryland, Inc., Cigna Health and Life Insurance Co., Evergreen Health, Inc., and Kaiser Foundation Health Plan of the Mid-Atlantic States.

While Kaiser requested a minimum rate increase of 9.13 percent, Cigna requested a max premium rate increase of 150.83 percent. The average rate increase for the five insurers who submitted rate increases on the individual market ranged from 18.08 to 58.80 percent.

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