Affordable Care Act Increase in New York Less Than National Average

By John Cropley 

CAPITAL REGION — How much more you pay for health insurance in 2017 under the federal Affordable Care Act depends greatly on where you live.

The 25 percent hike predicted Monday by the federal government was immediately pounced on by opponents of the ACA, popularly known as Obamacare, and no doubt caused some immediate consternation for those paying for their own insurance. But in New York, which runs its own health exchange, the increase will be much less than 25 percent.

The state announced the 2017 premiums for 17 insurers offering individual coverage back in early August. The statewide average increase will be 16.6 percent — far more than the rate of inflation but far less than the national average cited by the federal government.

Capital Region-based health insurers were approved for the following average 2017 rate hikes for individual health insurance premiums:

Blue Shield of Northeastern New York: 4.7 percent;

Capital District Physicians’ Health Plan: 13.9 percent;

Fidelis Care: 11.6 percent.....

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Source: The Daily Gazette (via The Empire Report)