October 21st, 2017 by WCBC Radio
The Baltimore Sun reports the Maryland Insurance Administration will hold a hearing Monday on new premium rates proposed by insurers in response to the Trump Administration’s decision to eliminate subsidies that help low-income people pay out-of-pocket expenses.
CareFirst BlueCross BlueShield and Kaiser Permanente of the Mid-Atlantic States have requested permission to increase rates on individual plans sold under Obamacare.
The insurers said they need to raise the rates to replace the money they would have gotten from the federal government, called cost sharing reductions, to cover co-payments, coinsurance and deductibles.
CareFirst officials were not available for comment.
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