- Associated Press - Friday, October 13, 2017

LITTLE ROCK, Ark. (AP) - Arkansas has approved average rate increases ranging from 14.2 percent to nearly 25 percent for plans offered through the insurance marketplace under the federal health care overhaul.

The move comes a day after President Donald Trump said he’s ending Affordable Care Act cost-share subsidies.

The Insurance Department said Friday it approved a 24.97 percent average increase from QualChoice Life and Health Insurance, 24.66 from QCA Health Plan Inc., 21.4 percent from Ambetter and 14.2 percent from Arkansas Blue Cross and Blue Shield. The state allowed the insurers to resubmit their silver plan rate requests to reflect the decision to end the subsidies to insurers for reducing copays and deductibles for people with modest incomes.

Arkansas previously approved rate increases ranging from 7.8 percent to 9.9 percent for the plans.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide