Insurers seeking huge premium hikes on ObamaCare plans

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As Republicans struggle to come up with an ObamaCare replacement bill that can pass Congress, top health insurance companies in numerous states are looking to hike premiums by double-digits for ObamaCare plans in 2018.

Fox News reports the newly released figures underscore concerns about plans becoming increasingly unaffordable, and could light a fire under stalled efforts on Capitol Hill to fix the program.

The Wall Street Journal reported that major insurers in Idaho, West Virginia, South Carolina, Iowa and Wyoming are pitching premium hikes averaging 30 percent or higher. Other states also could see double-digit hikes.

In addition, Aetna announced Thursday that it would completely withdraw from the Obamacare exchanges in 2018.

Corrie O'Connor

 

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