Maryland insurers are asking for large rate increases on healthcare sold on the individual health plan market in 2019, The Washington Post reports.
CareFirst Blue Cross Blue Shield, the largest insurer in the Mid-Atlantic, has requested an average 26.4 percent increase, including an 18.5 percent increase for its HMO plans and a 91.4 percent for its PPO plans. Kaiser Permanente requested a 37.4 increase on HMO plans. CareFirst and Kaiser are the only insurers still operating on the state's individual market.
"We are at a place in the individual market where any increase at all creates stress in the marketplace," Maryland health insurance commissioner Alfred W. Redmer said. "We have folks in Maryland that are struggling, that are trying to do the right thing — and they're paying more for their health insurance than they are for their mortgage. While an 18 percent increase is better than last year, it's still in some cases, catastrophic, if you're the young family that has got to pay that 18 percent increase."
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4 comments:
Md St retirees lose their State prescription coverage on 1/2019 and a lot of them don't even know it.There are other options,especially for those 65 and older.
AND the IRS still rapes you if you don't buy something you can't afford and thinks it is fair.
Hey Annapolis, STOP paying attention to the revenue coming in from your casino's. That will eventually flatten out in a few more years. NOW is time to step up, address this medical issue or ALL remaining retirees will leave MD and fast!!
I'm talking about the ones with money too!!!!
Thanks, Obama.
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