Health Insurance Rates Increase for 2017
Health Insurance Rates Increase for 2017
Insurance companies have released their proposed rate increases for 2017. As suspected, all carriers are increasing their premiums. A good portion of the increase is due to the discontinuation of a reinsurance program that was initially available to help the insurance companies offset some of the higher costs they faced now that they are insuring chronically ill people as well as all others. Without the reinsurance program, the additional costs have now been passed on to the consumer. (more…)