Blue Cross and Blue Shield of North Carolina has announced it will increase premiums for Affordable Care Act plans on the individual market by an average 24.3 percent for 2017. Some consumers will pay more and some will pay less.
That is higher than the company’s original rate request filed in May for an 18.8 percent increase. The rate was approved by the state Department of Insurance, and Blue Cross announced it in a blog post.
Blue Cross received an average 32.5 percent rate increase for 2016 – one of the highest in the country. Critics of the ACA have contended the health reform law has been failing partly because premium increases for the individual market plans have been rising beyond expectations.