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Premium increases for the most popular category of health insurance plans under Obamacare will vary widely in 2017, based on analysis of proposed rate filings for eight states where complete data is available by Avalere Health. The average proposed rate increases for the states’ “silver plans,” the second-lowest tier of coverage, range from 5 percent in Washington to 19 percent in Virginia. Avalere attributes the coming premium growth to lower-than-anticipated enrollment, higher healthcare costs, and the expiration of the state-based reinsurance and federal risk corridor programs.
Source: Avalere Health
Proposed “silver plan” premium increase of 0-10 percent: Indiana (6%), Vermont (8%), Washington (5%)
Proposed increase of 11-15 percent: Maryland (15%), New York (15%)
Proposed increase of 16 percent or more: Maine (18%), Oregon (17%), Virginia (19%)