Health insurance prices may jump dramatically next year as some insurers are requesting double-digit rate increases.
State governments are likely to grant increases that are less than requested, but those who pay for their own insurance out of pocket should still expect a big bite – especially those with the most popular “silver” plans, CNBC reports.
Average plans in major cities could rise as much as 12 percent, according to an analysis by HealthPocket, a website that compares health plans.
Those silver plans could rise by as much as 14 percent, according to HealthPocket.
People insured by health maintenance organization (HMO) and exclusive provider organization (EPO) plans could face 18-to-20 percent hikes, CNBC reported.
Kev Coleman, head of research and data at HealthPocket, called that “really confusing,” since HMOs and EPOs are designed to hold costs down.