Health insurance companies are saying that no matter what happens with the Republican health-care bill in the coming months, premiums will go up in 2018 just from the uncertainty of the situation. "The health plans I work with want to stay in, but the Trump administration is not making that easy," insurance industry consultant Robert Laszewski explained to Vox.
In one example, CareFirst, a BlueCross BlueShield plan in Maryland, Virginia, and Washington, D.C., submitted 2018 premiums last week that reflect hikes averaging between 39 and 52 percent depending on the state. While chief executive Chet Burrell said the prices would have risen no matter what due to a loss of money while on the ObamaCare marketplace, an extra 15 percent was added on top of that specifically over doubts about the Trump administration enforcing the individual mandate.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
