3 Reasons Insurance Premiums Won't 'Skyrocket' Next Year

Despite what some media reports have to say, health insurance premiums won't "skyrocket" next year, according to an article by ConsumerReports.

Despite what some media reports have to say, health insurance premiums won't "skyrocket" next year, according to an article by ConsumerReports.

Why? For one, "some states are using regulatory mojo to roll back outrageous requests," the article said.

"Some states have the authority to review rates, and do," Betsy Imholz, a health insurance expert for Consumer Reports, said. "In other states there have been negotiated reductions."

In Oregon, for instance, average 2015 premiums came in lower than 2014 rates after regulators got done with them, according to Oregon.gov. In Maryland, CareFirst, the state's dominant insurer, asked for a 23 to 30 percent increase, but was granted increases of 10 to 16 percent, The Washington Post reported. Rates are decreasing for other insurers, ConsumerReports said.

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Source: FierceHealthPayer