Advertisement

Premiums in Michigan's Individual Market May Rise 28 Percent

Investigation is underway to find source of a bacterial bloodstream infection linked to 18 deaths in Wisconsin Investigation is underway to find source of a bacterial bloodstream infection linked to 18 deaths in Wisconsin | 

September 01, 2017 06:12 PM

LANSING, Mich. (AP) - People buying their own health insurance on Michigan's individual market could see the sticker price of premiums rise by nearly 28 percent on average next year if President Donald Trump follows through on his threat to cut billions of dollars in payments to insurers.

Advertisement – Content Continues Below

Companies' sky-high rate requests - which assume the cost-sharing reductions will occur - were made public by the state Friday. Department of Insurance and Financial Services Director Patrick McPharlin says he's hopeful insurers will be allowed to change to a lower set of rates if the state receives a commitment that the cost-sharing payments will be made.

The average 28 percent premium increase across 10 insurers doesn't factor in federal tax credits that about 80 percent of customers receive to offset the cost.


WDIO

Copyright 2017 The Associated Press. All rights reserved.

Advertisement
Advertisement
Relay Media Amp

CJ Ham's Parents Reflect on Homegrown Football Career

Don't Go There! Ice Cave Access Still Unsafe

Two Superfund Sites in the Northland Highlighted by EPA

Possible Power Outage in Rural Floodwood This Evening

Woman and Child Ejected During Truck Crash

Vandalism Closes Superior Skating Rink

Advertisement
Advertisement
Advertisement