Health Insurance Rates Poised To Rise Again
1 day ago
1 min read
As health insurance companies propose some of the largest rate hikes in recent memory, the Shapiro administration says it is limited in what it can do to cap increases and is calling for federal action.
Nearly 202,000 people have canceled their plans through the state’s marketplace, Pennie, over the past nine months. That drop occurred after Congress let subsidies lapse, which caused premium payments to skyrocket.
Consumer advocates and healthcare workers are concerned that number will continue to rise if the Pennsylvania Insurance Department approves the 2027 rate increases requested by insurers. They’re part of a coalition calling on the agency to approve lower rate requests, if not freeze them altogether.
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