February 28th, 2018 by WCBC Radio
Maryland residents purchasing individual health insurance coverage under the Affordable Care Act can expect to pay higher premiums this year. The Maryland Insurance Administration approved rate increases late last year that are expected to affect roughly 96,000 people who buy Silver plans through the state’s health insurance exchange. The administration approved a 27 percent increase for CareFirst BlueCross Blue Shield for its HMO plan and a 24 percent increase for its PPO plan. That’s on top of a more than 31 percent increase approved for HMO plans and a 52 percent hike for PPO plans approved in August. Governor Larry Hogan says he has been working with house and senate leaders in Annapolis to find some answers…
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