Delawareans to Pay 25 Percent More for ACA Coverage

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Delawareans to Pay 25 Percent More for ACA Coverage

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DOVER, Del. (AP)- Delawareans will pay 25 percent

more next year than they did this year for health insurance coverage under the Affordable Care Act.

State insurance commissioner Trinidad Navarro announced Thursday that he had approved the latest double-digit increase for Highmark Blue Cross Blue Shield, which will be the only insurer providing ACA coverage in Delaware.

Highmark sought a rate increase of 33.6 percent earlier this year after Aetna, which covers almost 12,000 Delawareans under the ACA, announced that it is pulling out of Delaware health insurance exchange.

Regulators last year approved average rate increases in the individual market of 32.5 percent for Highmark and about 23 percent for Aetna.

Last year, roughly 27,000 Delawareans were insured under the ACA, also known as Obamacare.

SOURCE: http://www.wboc.com/story/36529098/delawareans-to-pay-25-percent-more-for-aca-coverage