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Affordable Care Act (Obamacare)

CareFirst health insurance rates to rise as much as 26 percent

CareFirst health insurance rates to rise as much as 26 percent

CareFirst BlueCross BlueShield, the state's largest insurer, is raising rates up to 26 percent on average after absorbing more than $100 million in losses incurred as more older and sicker patients received coverage under federal health care reform. The Maryland Insurance Administration announced Friday that it approved new premium rates for CareFirst and four other insurance companies that sell plans to individuals and small businesses on the state's online exchange created through the Affordable Care Act. Under the CareFirst rate increase, a 40-year-old who lives in the Baltimore area will pay an additional $275 a year on average for the HMO silver plan, which pays 70 percent...

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