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Pennsylvania regulator approves 30.6% average rate increase for ACA plans in '18

The Pennsylvania Insurance Department approved rate increases as high as 49.20% for individual plans to be sold on the state's Affordable Care Act exchange for 2018.

Pennsylvania's acting insurance commissioner, Jessica Altman, approved an average 30.6% rate increase for all individual plans on the state's exchange because of the White House's decision to discontinue cost-sharing reduction payments. Altman wrote in a statement that had the subsidies been funded, rates would have increased an average of 7.6%.

The acting commissioner approved an average 7.6% increase for small group plans on the state exchange.

"This is not the situation I hoped we would be in, but due to President [Donald] Trump's refusal to make cost-sharing reduction payments for 2018 and Congress's inaction to appropriate funds, it is the reality that state regulators must face and the reason rate increases will be higher than they should be across the country," Altman wrote.