So Far, Only New York Sees Double-Digit Rate Requests

Six states in the Northeast and Pacific Northwest have now released initial premium rate requests from individual and small-group health plans. And although both regions have been hit hard by the COVID-19 pandemic, only New York insurers asked for rate increases dramatically above industry expectations from the beginning of the year.

The nation’s worst outbreak took place in New York City and surrounding region, with New York City alone recording more than 380,000 recorded infections and 24,404 attributed deaths as of June 10. Because of that maelstrom, insurers operating in New York state requested a weighted average increase of 11.7% for individual market premiums and 11.4% for small-group premiums.

0 Comments
© 2022 MMIT
Peter Johnson

Peter Johnson

Peter has been a reporter for nearly a decade. Before joining AIS Health, Peter covered a wide variety of topics in his hometown of Seattle, where he continues to live. Peter’s work has appeared in publications including The Atlantic and The Stranger. Peter attended Colby College.

Related Posts

worried-man-with-ipad
May 13

Insurers Are Helping Patients, Providers Deal With Medical Debt

READ MORE
mom-holding-a-baby
May 13

Medicaid Plans Get Ready for Yearlong Postpartum Care

READ MORE
stock
May 13

Cigna Eases Investor Fears With Better Medical Cost, Membership

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today