Rep. Nornes Issues Statement on 2018 Individual Insurance Rates
According to the
Over the past four years, premium rates increased by double digits every year, including nearly 60 percent just one year ago. As a result of the reinsurance program recently approved by the federal government, all current insurers will continue serving the individual market next year.
In addition,
Rep.
"This news brings optimism to a subject that has been a source of stress for people," Nornes said. "The double-digit premium increases year after year were unsustainable and left people in desperate positions, so it is fortunate to see reforms we put in place this year have stopped that trend.
"We also need to realize this is not a cure-all for a seriously flawed system and I look forward to continuing our work in the House to increase affordability and accessibility for people's health insurance on the individual market."
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