About 350,000 New Yorkers who have individual policies under ObamaCare are going to get hit with an average 16.6 percent premium increase next year, the state Department of Financial Services announced Friday.
That’s more than twice the rate hike allowed by NY state regulators last year.
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Insurers had sought a 19.3 percent boost.Some policies will skyrocket even higher. An astonishing 80 percent increase was granted to the Crystal Run Healthcare based in upstate Middletown. Metro Plus, run by the city’s municipal-hospital system, won a 29 percent hike. h/t nypost
About 1 million New Yorkers in specific group plans were spared a double-digit increase, with an average 8.3 percent jump in their premiums. Ouch!