The new Yorkers who buy insurance Obamacarenext year will face a sharp price increase, but not as significant as planned by the insurers.
State officials on Tuesday announced the rates for individual programs offered through the insurance market in new York, will increase on average by 13.9% in 2018.
Thus, the increase in the price of insurance in new York, what at once on a two-digit number, will be recorded in the Big Apple for the second year in a row. In 2017 the cost of insurance has increased approximately 16.6% compared with the year 2016.
However, rising prices in 2018 will not be as significant, as required by 15 major insurers. In June, they filed an application to the State Department of financial services of the rate increase on average by 17.7%, but now will have to put up with the decision.
«Approved today by the Department of financial services rate increase, confirms the growing health care costs. It is also due to the prolonged uncertainty caused by the discussions on the reform of the health system in Washington,» said Paul Michalak, President of the new York Association of medical insurance. «Health care costs continue to decrease, including the costs of prescription drugs whose prices grow faster than any other health care services. Problems are exacerbated by the increase in taxes for health».
The increase in premiums for Obamacare will not affect low-income residents of new York, for them the rates will remain the same (all such citizens there are in the city of about 650,000 people). But the rest (about 350,000 people) will be forced to pay more.
