You are here:HomeIssuesHealth Care Reform2017The ACA Is Stabilizing in Pennsylvania

The ACA Is Stabilizing in Pennsylvania

Prices for Affordable Care Act (ACA) health plans are stabilizing in Pennsylvania. After an increase of more than 30 percent this year, insurers are raising their rates 8.8 percent on average in the ACA's individual insurance market for 2018, the Pennsylvania Insurance Department says...
June 7, 2017

Prices for Affordable Care Act (ACA) health plans are stabilizing in Pennsylvania. After an increase of more than 30 percent this year, insurers are raising their rates 8.8 percent on average in the ACA's individual insurance market for 2018, the Pennsylvania Insurance Department says.
All five insurers that sold plans this year will again offer health insurance next year in the market, which covers about 500,000 people in the state, according to the department.

“These low percentages show that Pennsylvania’s market is stabilizing and insurers are better understanding the markets and the population they serve,” says Pennsylvania Insurance Commissioner Teresa Miller. The situation could change if Congress takes action against the ACA. Insurers have told Miller that if the ACA’s individual mandate is repealed, companies would need to raise premiums 23.3 percent. If the law’s cost-sharing reduction payments were to end, premiums in Pennsylvania would climb an estimated 20.3 percent.


Filed under: