Big increase in rates coming for those in the Obamacare marketplace for 2017.
The individual rate under Highmark Blue Cross Blue Shield of Delaware is going up an average of 32.5 percent while the Aetna Health plan is going up 23.6 percent. The small group rates will see a smaller increase: Highmark Blue Cross Blue Shield’s will go up 2.7 percent, while Aetna Health’s small group rate is up 19.7 percent.
Delaware Insurance Commissioner Karen Weldin Stewart reviewed the increases requested by the insurance companies in June and initially tried to reduce the rate increase. The rates were eventually approved as requested at the urging of the Centers for Medicare and Medicade Services.
Aetna has announced that it will be leaving the Affordable Care Act Marketplace in a number of states, but the company will remain in Delaware at least through 2017.
The approved rates are just averages. Some customers will pay more, and some will play less.