WI health insurance CEOs expect double-digit premium increases in 2018

posted by Jay Weber - 

via WKOW.com by Greg Neumann

MADISON (WKOW) -- Wisconsin residents who plan to purchase health insurance on the Affordable Care Act's (ACA) individual marketplace in 2018 should expect to see at least a ten percent increase in premiums.

That's according to four health insurance company executives, who spoke at a roundtable event put on by the non-partisan Wisconsin Health News Tuesday.

It has been a tough year for health insurance companies, simply because there's been so much uncertainty over what federal law might look like going forward.

Republicans have failed to repeal and replace the ACA, also known as Obamacare, despite repeated attempts this year.

Still, there is concern about unknowns in 2018.

Wisconsin's Insurance Commissioner told companies to plan for double-digit percent premium increases, because the federal government isn't expected to provide the same level of cost-sharing reductions (CSR) to consumers.

CSR's are subsidy payments that help people pay their premiums. Without them, it is likely many people will simply drop their coverage if they deem it unaffordable.

The complete story here > 

Wisconsin health insurance CEOs expect double-digit premium increases in 2018

MIAMI, FL - FEBRUARY 05:  Aymara Marchante (L) and Wiktor Garcia sit with Maria Elena Santa Coloma, an insurance advisor with UniVista Insurance company, as they sign up for the Affordable Care Act, also known as Obamacare, before the February 15th deadli

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