Health First

Marylanders in Obamacare individual market poised to see rate drop thanks to reinsurance

Marylanders in Obamacare individual market poised to see rate drop thanks to reinsurance

Thousands of Marylanders covered by Obamacare plans purchased on the individual market are likely to see hefty decreases in their 2019 premiums, thanks to legislation the General Assembly adopted this year with bipartisan support.

The two providers active on the insurance exchange for individual plans in the state, CareFirst BlueCross BlueShield and Kaiser Permanente, have told the Maryland Insurance Administration they want to reverse their earlier requests for rate increases averaging about 30 percent.

CareFirst is now proposing a decrease of 22.3 percent and Kaiser a 7.8 percent drop in their health maintenance organization plans. The decreases would affect about 250,000...

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