PA Insurance Office Approves Higher Rates After CSRs Axed, Requests Silver Loading

By Amy Lotven / October 16, 2017 at 7:35 PM
Pennsylvania's insurance commissioner on Monday (Oct. 16) announced it has approved rate increases that average 30.6 percent, or 23 percent more than the 7.6 increase issuers sought under the assumption the cost-sharing reductions would be paid. Like several other states, Pennsylvania also asked issuers to limit the hikes to the silver-level plans, which will increase the amount of the tax credits available for eligible consumers since the subsidies are linked to the those plan costs. “The president’s deliberate action and...


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