Dean Cameron, director of the Idaho state Department of Insurance, announced today that health insurers offering plans on Idaho’s state insurance exchange have proposed premium rate increases next year averaging 38 percent. “I am deeply disappointed and frustrated to share these rates,” Cameron said in a news release; you can read it here. “I understand how difficult it will be for Idahoans to afford reasonable coverage, especially those without a subsidy.” The rates, which also cover plans offered outside the exchange, aren’t final; while Cameron’s department doesn’t have authority to regulate rates, it can declare proposed rates “unreasonable,” and it has successfully negotiated lower rate increases with carriers in the past to avoid labeling them...
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Idaho health insurers propose average premium increase of 38% for 2018