Cigna

State considers rate increases on the health exchange as another insurer drops out

State considers rate increases on the health exchange as another insurer drops out

As U.S. Senate leaders prepare to unveil their plan to remake the Affordable Care Act over time, Maryland officials must press ahead with the system as it stands for hundreds of thousands of residents.

The Maryland Insurance Administration held its first hearing Wednesday on the large rate increases being sought by three insurance carriers selling health plans to individuals on the state exchange. The hearing came as another carrier decided to pull out of the market. Cigna Health and Life Insurance Co. follows UnitedHealthcare, which stopped selling plans last year.

During the hearing, the administration heard from consumers and advocates who were frustrated with rate...

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