One of Maryland’s biggest Obamacare insurers wants to hike rates 50 percent next year – The Washington Post

https://www.washingtonpost.com/news/wonk/wp/2017/05/04/one-of-marylands-biggest-obamacare-insurers-wants-to-hike-rates-50-percent-next-year/?utm_campaign=e20fdbdff2-EMAIL_CAMPAIGN_2017_05_08&utm_medium=email&utm_source=Speaker.gov%20Master%20List&utm_term=.ed53f76495b9

The head of the largest insurer in the Mid-Atlantic region warned Thursday that the Affordable Care Act marketplaces were in the early stages of a death spiral, a statement that came as the company announced its request for massive, double-digit premium increases for next year.

Projecting that by year’s end the company will have lost a total of $600 million since it started selling plans in the marketplaces four years ago, CareFirst Blue Cross Blue Shield is requesting a greater than 50 percent rate increase in Maryland, a 35 percent increase in northern Virginia and a 29 percent increase in D.C……

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