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Excellus blames the cost of health care services, equipment and rising drug prices are among the reasons for the proposed rate increases.
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The Dept. of Financial Services says that as in prior years, the continued increase in health care costs is the main driver of premium rates.
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Pressure on the health system multiplied when federal changes were made to the rules governing which tests insurance providers must cover.
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The New York State Department of Financial Services says that overall, rates in the individual market for 2021 will increase by only 1.8%.
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The governor signed a bill which allows the district to create an insurance reserve fund to help manage health insurance costs.
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The rate decisions by the state do not include the ‘Essential Plan,’ available through the NYS of Health, which will still have premiums of $20 or less for lower income New Yorkers who qualify.
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People who get insurance through the Affordable Care Act marketplace are likely to see a "modest" increase in rates for 2020.
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A packed hearing room listened as supporters and opponents debated whether it it’s the answer to the state’s health care gaps .
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More New Yorkers signed up for health insurance through the state’s marketplace for 2019 than for any previous year, according to numbers from the state Department of Health.
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TRANSFORMING HEALTH - A proposed bill that would require insurers to pay for telemedicine services is drawing widespread support from health care providers and opposition from some in the health insurance industry.