(Deficit hawks will probably complain about the higher federal outlays for subsidies.) Regulators and actuaries said that the higher rates reflected a conservative approach as a cushion against potentially sizable losses. Actuaries said that the higher rates were justified. Most state regulators let insurers set prices to cover the cost of the required reductions, but several did not. Virginia allowed CareFirst to assume a lack of financing; Maryland regulators prohibited insurers from setting higher rates based on a loss of subsidies.

Source: New York Times October 03, 2017 20:49 UTC