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CareFirst requests rate increases of more than 50 percent

CareFirst requests rate increases of more than 50 percent

Maryland's largest health insurer asked state regulators Thursday for permission to raise rates by an average of 52 percent on health plans bought by individuals on the state insurance exchange under the Affordable Care Act.

The other three insurance companies that sell plans on the exchange joined CareFirst BlueCross BlueShield in asking to increase rates significantly, though not as much as CareFirst.

The requests came as the House of Representatives passed the American Health Care Act, partly in response to consumer frustration with soaring health care costs under former President Barack Obama's signature health care reform law.

CareFirst CEO Chet Burrell said the...

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