Idaho Health Insurance Providers Want to Raise Premiums Up 27%
Idaho just can't catch a break! The six companies that sell insurance plans for individuals in Idaho say they want to raise premiums an average of 27 percent next year due to losing money.
This would be the second year in a row of double-digit increases for some plans, according to the Idaho Statesman.
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The companies claim that patients are requiring more medical treatments this year, and that medical costs have been increasing, including the price of prescription drugs. Unfortunately, on top of these increases, two federal programs created by the Affordable Care Act to help insurers weather unexpectedly high costs are set to expire this year.
If approved, these increases would only apply to the individual market, not large-group or small-group plans.
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