DELAWARE - Delaware's only Affordable Care Act health insurer, Highmark Blue Cross Blue Shield, has proposed a 33.6% increase for its 2018 individual Marketplace business.
The Delaware Department of Insurance says Highmark's proposal will be thoroughly reviewed before a final rate is determined.
In May, Aetna announced its plans to withdraw from the Affordable Care Act's Insurance Marketplace, effective January 1st of 2018, leaving Highmark as the only insurer.
About 27,000 Delawareans who have health insurance through the ACA will be affected by increasing rates and insurer withdrawals.
Deputy Insurance Commissioner Mitch Crane says Insurance Commissioner Trinidad Navarro will work with Senators Carper and Coons, along with Congresswoman Lisa Blunt-Rochester on improving the ACA.
"If they're unable to be able to do that, it's unlikely that any company will want to stay in the marketplace anywhere in this country because of the unpredictability in the future," said Crane.
The proposed rate increase will not apply to Delawareans on Medicaid, or those with group or individual policies outside of the marketplace.
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