Gov. Shapiro says ‘we can’t fix’ cuts handed to him by new federal law
Gov. Josh Shapiro estimates 310,000 Pennsylvanians’ Medicaid will be cut,140,000 will lose SNAP & 25 rural hospitals will close, during stop in York.
- The proposed increases range from a decrease of 10.1% to an increase of 30.1% depending on the insurer.
- The Pennsylvania Insurance Department will review the requests and accept public comment until Sept. 2 before finalizing rates in October.
Insurers providing coverage through Pennie, the commonwealth’s Obamacare marketplace, are looking to hike premiums by nearly one-fifth in the coming year as they grapple with rising costs, according to state officials.
The Pennsylvania Insurance Department on Friday released a list of the rate increases requested by insurers for 2026. The companies want to push premiums up by an average of 19% for individual enrollees and by 13% for group plans used by small businesses, according to the state.
“This year, even more than previous years, Pennsylvanians should consider shopping around to find the best plans to meet their individual needs, at a price that makes sense for their current financial situation,” Michael Humphreys, Pennsylvania’s insurance commissioner, said in a statement.
The insurance department will look at the requested increases and evaluate them to make sure they’re not excessive or discriminatory. The agency is accepting public comment on the proposed rates through Sept. 2 and expects it will release the approved totals in October.
The proposed premium increase far outstrips those requested over the past two years, with the requested rate increases averaging out to 7.9% in 2024 and 4.2% in 2023.
The requested bump, state officials say, reflects the rising cost of health care, the expense of outpatient services, medication and other benefits and the expiration of federal tax credits for insurance premiums.
Congress has not extended the credits, which are due to end Dec. 31 and helped low-income Americans pay for health coverage through the Affordable Care Act. If the credits vanish, Pennie has estimated that 150,000 Pennsylvanians are at risk of losing ACA health coverage because they could no longer afford it.
Here are the proposed average rate changes by insurance plan for individuals:
- Ambetter Health of Pennsylvania Inc: 30.1%
- Capital Advantage Assurance Company: 26%
- Geisinger Health Plan: 14.1%
- Geisinger Quality Options: 16.2%
- Health Partners Plans “Jefferson Health Plans”: 7.3%
- Highmark Benefits Group Inc.: 18%
- Highmark Coverage Advantage Inc.: 14.1%
- Highmark Inc.: 17.2%
- Independence Blue Cross (QCC Ins. Co.): 16.7%
- Keystone Health Plan Central: 27.9%
- Keystone Health Plan East Inc.: 23.5%
- Oscar Health Plan of PA: 22%
- Partners Insurance Company Inc.: -10.1%
- UPMC Health Options Inc.: 11.7%
- UPMC Health Plan Inc.: 16.3%
If you want to send state regulators a comment on the proposed rate changes, email [email protected].
Bethany Rodgers is a USA TODAY Network Pennsylvania investigative journalist.
link
More Stories
Without subsidies, Florida families cringe over health insurance bills
Medicare Advantage Insurers Face New Curbs on Overcharges in Trump Plan That Reins in Payments
Doctors question 6-minute X-ray rule for health insurance payment