WASHINGTON, D.C. - This afternoon, the Maryland Insurance Administration (MIA) released final rates for individual health insurance plans under the Obamacare exchange. Today's announcement comes after news in April that Maryland's largest non-profit health insurer CareFirst BlueCross BlueShield proposed that they would have to raise rates for individuals an average of 25% - and up to 150% for young people - because of Obamacare. Despite the MIA approving "premiums at levels as much as 33 percent below what had been requested," Marylanders' healthcare premiums will still go up under the law.
"Today's announcement about health insurance premiums demonstrates that Obamacare will in fact lead Marylanders to pay more for their healthcare," said Harris. "It is hardly welcome news for young Marylanders who are already struggling in this economy to say their health insurance will still go up under Obamacare, but not as much. Despite promises by President Obama and others that this law would lead to lower premiums, the exact opposite is turning out to be true - Marylanders will be paying more."
Read this original document at: http://harris.house.gov/press-release/congressman-andy-harris-md-reacts-maryland-insurance-premium-announcement