Highmark in Delaware ACA marketplace seeks 33.6% insurance rate increase – Delaware News

Highmark in Delaware ACA marketplace seeks 33.6% insurance rate increase – Delaware News

  • KJWP NewsBreak

    KJWP NewsBreak

  • KJWP NewsBreak

    KJWP NewsBreak

  • KJWP NewsBreak

    KJWP NewsBreak

Highmark Blue Cross Blue Shield, soon to be Delaware’s lone health insurer under the Affordable Care Act, is seeking a 33.6 percent insurance rate increase through the state’s marketplace.

“Highmark’s proposed rate increase reflects the fact that the Federal Government could cut funding for the ACA by discontinuing cost-sharing reduction subsidies,” said Delaware Insurance Commissioner Trinidad Navarro in a news release. “Cost-sharing reduction subsidies are passed on to insurers to assist lower-income individuals and families. In addition, it is unclear whether the ACA individual mandate will be enforced next year. If the federal government fails to live up to its obligations under the…

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