(Neb)-Medica Proposing 17% Rate Hike
OMAHA, Neb. (AP) - Nebraska's only provider of individual health insurance plans under the Affordable Care Act wants to raise its monthly rates by an average of nearly 17% with some rates going up more than 50%. Federal subsidies would offset much of the increase.
Minneapolis-based Medica outlined scenarios in which consumers in Omaha could see their rates increase by 57% while some in Lincoln would get 10% increases, both before subsidies.
Medica says a corresponding increase in federal subsidies would protect roughly 80% of consumers in the Nebraska market from having to pay more, and the Nebraska Department of Insurance emphasizes that the rates are proposals, not final.
Back to News
Printer Friendly Version
Send Story to a friend.