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Tag Archives: chet burrell

Before reinsurance, significant premium increases sought on Md. individual market

Maryland Insurance Commissioner Al Redmer. (File)

Insurers on Maryland’s individual health exchange are proposing to raise their rates by an average of more than 30 percent, as hopes for stabilizing the market increasingly depend on the state’s application for a reinsurance program.  The increasing rates could ...

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Experts say Md.’s new reinsurance initiative a short-term fix

Maryland Insurance Commissioner Al Redmer. (File)

Gov. Larry Hogan approved one reinsurance bill adopted by the legislature and a second reinsurance bill gained final passage Thursday, but these measures likely remain short-term solutions to the state’s individual health insurance market woes. A reinsurance program will likely ...

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Significantly higher insurance premiums approved for 2018 on Md. health exchange

Maryland Insurance Commissioner Al Redmer. (File)

Marylanders insured through the individual health exchange will see substantially higher premiums in 2018, though not as high as insurers wanted, after Maryland Insurance Commissioner Al Redmer approved final rates Friday. Redmer approved average rate increases of 34.5 and 50 ...

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Turmoil on Maryland’s health insurance exchange

Carefirst CEO Chet Burrell (File)

One Maryland insurer dropped out of the Maryland individual health insurance market, another projected double-digit enrollment declines and two more refiled to ask for rate increases higher than previously requested as state regulators Wednesday found themselves dealing with dramatic changes ...

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Rate hike requests will test future of Md. health insurance exchange

Maryland Insurance Commissioner Al Redmer will have the final say on Maryland’s rates for 2018. (Illustration by Maximilian Franz)

High rate increase requests have left health insurance regulators in Maryland with this challenge: At a time when insurers are pulling out of the individual markets in state after state, how high can you allow them to raise their prices without inflicting ...

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