Pennsylvania Announces Modest 2019 ACA Rate Increases

Pennsylvania Insurance Commissioner Jessica Altman on Tuesday announced that insurers seeking to participate in the state's individual market requested an aggregate statewide increase of 4.9 percent, which is significantly lower than the expected national average for premium increases. Pennsylvania’s Tuesday (June 5) announcement comes as several states report issuers are looking for double-digit rate hikes--with some as high as 80 percent. According to the Congressional Budget Office, the average 2019 ACA premium increase will be 15 percent . The state...