8/16 Group Watch: Insurance Rates May Climb
Blue Cross Blue Shield of Alabama is seeking an average rate increase of 39 percent on individual plans offered through the Obamacare marketplace. The proposed rate hikes will affect more than 160,000 people in Alabama who purchased insurance through the federal exchange, which represents 5 percent of Blue Cross membership.Blue Cross is the only insurance company that will offer Alabamians individual insurance plans through the exchange next year after the departure of Humana and UnitedHealth. Officials with the Alabama Department of Insurance are reviewing the proposed rate increases and will issue an opinion in September about whether the increases are justified.
