Pennsylvania Insurance Premiums To Rise 30.6% Due To Trump Sabotage
In Pennsylvania, insurance premiums will rise 30.6% according to the Pennsylvania Insurance Department reports the Pittsburgh Post- Gazette.
Pennsylvania insurers offering Obamacare plans will need to raise premiums an average 30.6 percent in 2018, nearly four times the increase that had been anticipated before President Donald Trump scrapped government subsidies five days ago. The new numbers come from the state Insurance Department, which on Monday released the rate hikes that it had approved after calculating the impact of the president’s move. Earlier this year, the Pennsylvania Insurance Department had projected an average 7.6 percent rate hike for individual health insurance plans purchased through the Affordable Care Act’s government exchange in this state.