Florida Insurers Request 17.8% Rate Hike On Obamacare Exchanges

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Enough insurers are planning to sell coverage on the Affordable Care Act's insurance exchanges next year to keep those markets working in most parts of the country. The average rate increase requested by the companies is 17.8 percent. Many Floridians using the individual marketplace wouldn't see such premium increases because of government subsidies.

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The state Department of Insurance released prosed 2018 rates on Thursday. Their average premium would be $452.

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Health insurers Anthem and MDwise are both withdrawing from the ACA's IN marketplace next year. Actual participation and final rates won't be set until later in the year. Each company cited "uncertainty" over Republican congressional efforts to repeal and replace the federal health care law.

More than 10,000 residents of Allen County, bought policies this year through the federal exchange, which offers plans to people who can not obtain affordable medical coverage through their employers.

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