The only seller of individual health insurance policies under the Affordable Care Act in 13 rural Arizona counties will decrease rates by about 1 percent across all its individual plans in 2018.
An average 7.2 percent increase was initially proposed in July. The reduction is possible because of improved profitability on current plans and an assumption that the federal government will continue funding the “cost sharing reduction” program that reduces some customer costs, according to Jeff Stelnik, BCBSAZ senior vice president of strategy, sales and marketing.
“There still continues to be uncertainty in the marketplace, we still continue to be concerned by that uncertainty.”
The decision by Blue Cross ends several years of steep price increases by insurers in Arizona that struggled to adjust to the new marketplace put in place by the Affordable Care Act. Read more in the Associated Press story in The Arizona Republic
Read about the history of the Arizona health insurance marketplace established by the Affordable Care Act at Healthinsurance.org