Cigna Gets Green Light To Raise Obamacare Rates 25 Percent

Cigna Gets Green Light To Raise Obamacare Rates 25 Percent

10:54am Oct 31, 2017
The North Carolina Insurance Department approved a roughly 25 percent rate increase for Cigna on policies sold through the Affordable Care Act's insurance marketplace. (AP Photo/Matt Rourke)

The much-smaller competitor to Blue Cross on North Carolina's "Obamacare" health insurance marketplace is raising rates by an average of almost 25 percent.

The North Carolina Insurance Department approved the rate increase for Cigna on policies sold during the six-week signup period starting Wednesday. Agency records indicate Cigna has about 21,000 customers in five counties around Raleigh.

Cigna originally wanted a 32 percent rate increase. A company spokesman did not respond to a request for comment Tuesday.

About 90 percent of North Carolinians buying "Obamacare" policies received subsidies to help them afford the premiums.

Blue Cross and Blue Shield of North Carolina is raising premiums by 14 percent on Affordable Care Act plans covering medical care in 2018. The company has 500,000 ACA policies in all 100 North Carolina counties.

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