Silver Plan Rates Set To Increase If Federal Subsidies Disappear

HARTFORD, CT — One carrier would have to hike its silver plan rates by 52.2 percent and the other would have to hike them by 43.3 percent for one plan and 43.9 percent for another.

That’s if Republican President Donald Trump eliminates the Obamacare subsidies.

In supplemental rate filings, ConnectiCare Benefits said it would have to hike its silver plan rate 52.2 percent. Anthem Health Plans, which offers two silver plans, would have to hike one 43.3 percent and the other 43.9 percent.

The uncertainty about what’s going to happen with the cost-sharing reductions prompted Connecticut insurance regulators to ask ConnectiCare Benefits and Anthem Health Plans to resubmit their rates assuming the subsidies would disappear.

Read more: http://www.ctnewsjunkie.com/archives/entry/silver_plan_rates_set_to_increase_if_federal_subsidies_disappear/