The average rate increase requested, across insurers and plans, was 30 percent. “We are at a place in the individual market where any increase at all creates stress in the marketplace,” said Alfred W. Redmer Jr., Maryland’s health insurance commissioner. “We have folks in Maryland that are struggling, that are trying to do the right thing — and they’re paying more for their health insurance than they are for their mortgage. He noted that in March 2017, there were 243,000 people enrolled in individual plans, and a year later, there are only about 211,000. “We are working with our federal partners to expedite approval for Maryland’s reinsurance waiver, and we continue to call for action at the federal level to fix our broken health insurance system,” Gov.

Source: Washington Post May 07, 2018 18:54 UTC