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Rates going up next year under Affordable Care Act

6 months 2 weeks 6 days ago November 03, 2016 Nov 3, 2016 Thursday, November 03 2016 November 03, 2016 9:08 AM in News
Source: Associated Press
By: AP News

BATON ROUGE - Rate increases have been posted for "Obamacare" plans offered by three health insurers in Louisiana, with Blue Cross and Blue Shield boosting rates as much as 41 percent on average for 2017, although some customers may see premiums skyrocket by 54.7 percent.

State Department of Insurance records show Vantage Health Plan is implementing a 31.5 percent increase and Humana an average increase of 29.5 percent.

The increases don't mean everyone will pay more for coverage. Under the Affordable Care Act, consumers who make between 138 percent and 400 percent of the federal poverty level are eligible for financial assistance. Those subsidies increase as health premiums go up.

Enrollment for 2017 plans started Tuesday and ends Jan. 31.

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