(Business Insider) Insurance companies operating in New York State’s marketplace are expected to ask for double-digit premium hikes next year, according to new filings from the companies.
Capital New York reports the average requested increase was 13%. The New York Post reports that number at about 12%. But the bigger insurers are seeking a bigger premium hike — according to Capital, the six most popular plans in New York are requesting an average increase of almost 15%.
The Post reports that Excellus Health Plan, which has about 24,000 customers, is requesting a 19.7% hike. MVP Health Plan, which has nearly 33,000 customers, is seeking a 19% increase. New York’s largest insurer on the exchange — Health Republic Insurance of New York, which has 68,000 customers — is requesting a 15% increase.