rate hike requests

Health insurers ask for big rate hikes

New York health insurers are asking for premium increases of as much as 45 percent for 2017 as they try to combat rising costs and, in some instances, offset mega losses. In a statement released Wednesday, the New York Health Plan Association said the hikes “reflect increases that are the direct result of the underlying cost of care and marketplace changes that continue to impact health plans’ operations.” The average requested increase for individual plans…