PA Announces New Insurance Rates to Grow by only 4.9%, Competition to Increase in Almost Half of PA Counties
HARRISBURG, PA— Today, the Pennsylvania Insurance Department released the new rate filings for the individual and small group insurance markets, which will average only 4.9% higher than last year’s rates. Antoinette Kraus, Executive Director of the Pennsylvania Health Access Network released the following statement in response:
“At a time when efforts to undermine the Affordable Care Act by the Administration and Congress means that insurance rates in many states are growing by upwards of 10% or even 20%, it is a testament to the hard work of the Pennsylvania Insurance Department that 2019 rates in Pennsylvania have grown by only 4.9% and that almost half of PA counties will have more options than they did last year. This news reflects the reality that the Affordable Care Act marketplace in Pennsylvania is stable, competitive, and that there is high demand for access to these plans.
While this news is better-than-expected, out-of pocket costs for Pennsylvanians who purchase their health insurance through the marketplace remain extremely high. We must end the partisan bickering in Congress and continued attempts to sabotage the Affordable Care Act by the Administration and work toward bipartisan solutions that will make healthcare more affordable for all Americans.”