US health insurers raise rates to match increase in usage

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US health insurers raise rates to match increase in usage
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Health insurers in individual marketplaces across 13 states will raise rates an average of 10% next year, according to a review of rate filings by the Kaiser Family Foundation.

in big numbers — a trend that’s starting to show up in higher insurance rates across the country.

The rates review included Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Texas, Vermont and Washington. About 14.5 million people purchased individual health coverage through state marketplaces this year, according to the Kaiser Family Foundation. How much people will pay for coverage depends on a variety of factors, including where they live and what type of plans they choose.

The rate increases come as Congress debates whether to extend financial help for consumers through the American Rescue Plan — the $1.9 trillion economic aid package Congress passed last year to combat the economic impacts of the pandemic. If that assistance expires at the end of this year, about 3 million Americans — including 220,000 Californians — would likely drop coverage because they will no longer be able to afford it, according to an analysis by Covered California.

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