Martin Hickey, the CEO of New Mexico Health Connections, said that premiums for their plans may rise as little as 7 percent or soar as much as 40 percent.
Hickey said that there has been massive confusion regarding what will happen to the Affordable Care Act with the new administration and Congress. “The more uncertainty they create, the higher the rates” will be for 2018, he said.
“Insurers have a hard enough time making the normal predictions of who will get sick and how much it will cost,” the article states. “Now the usual fog of rate setting is compounded by the possibility that basic rules of coverage could get overhauled or even disappear before anything takes place. Consumers and patients could ultimately pay the price.”