New York state health insurance rates set to rise 16.6% on average next year; one plan will see 80% hike

[jmyrlefuller]

http://www.nydailynews.com/news/politics/new-york-state-health-insurance-rates-rise-17-article-1.2740131?cid=bitly

New Yorkers who purchase health insurance through the state’s Obamacare exchange are about to get socked with some steep rate hikes.

State officials announced Friday that rates for individual policies offered through the NY State of Health exchange will increase an average of 16.6% in 2017.

Of the 17 individual plans offered on the exchange, increases will range from 6% for MVP Health Plan to 80.5% for the Crystal Run Health Insurance Company, according to state data.

(excerpt)

[jmyrlefuller]

This also doesn't factor in the fact that Health Republic, which was generally the cheapest plan on the exchange in New York, was one of the many co-ops that went belly-up this year. So all of their customers will have to find their way to the more expensive plans.

[Oceander]

Thank God we qualified for insurance from work.  After these increases the premium won't be that much higher than the obamacare we had, and now we have insurance that our doctors actually accept, and which has a deductible that's less than half the obamacare deductible.