Health insurers in New York have requested rate hikes as high as 47% for Obamacare plans in 2018, the New York Post reported.
The average proposed increase for individual policies in 2018 was 16.6%. Last year insurers sought a 19.3% increase and the state approved a 16.3% increase.
MetroPlus, the health insurer that is run by the state, requested the smallest premium increase of under 8%. "MetroPlus has made every effort to keep its rates affordable for 2018. We believe that affordable rates combined with a strong network of high quality providers and caring service make MetroPlus a clear choice for New Yorkers," the company said in a statement.
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