Kevin C. Kelly

Health Insurers Seek Double-Digit Rate Increases For 2018 Due To Rising Medical Costs, Marketplace Uncertainty

Health Insurers Seek Double-Digit Rate Increases For 2018 Due To Rising Medical Costs, Marketplace Uncertainty

Health insurers in Connecticut are seeking double-digit rate increases for 2018 in response to rising medical and drug costs and uncertainty in the marketplace, the state Insurance Department said Monday.

Ten health insurers are seeking rate increases for next year averaging 15.2 percent to 33.8 percent for individual plans. The increases for premium plans range from 19 percent to 52 percent.

The proposed increases come less than a week after House Republicans narrowly passed legislation to repeal and replace President Barack Obama's signature domestic health care program. The bill faces a rewrite and fierce opposition from minority Democrats in the Senate.

The House...

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