Nevada Health Exchange Rates Expected To See Lowest Rise Yet
LAS VEGAS (AP) — State insurance officials say Nevadans who get health coverage through the online insurance marketplace are only expected to see a slight increase in rates next year — relief after years of double-digit increases.
The average increase for premiums in Nevada is expected to be 1.9 percent this year. It was 37 percent last year.
Insurance officials say the change comes as the markets have started to stabilize around the country.
The rates could change before they're finalized in October — especially if President Donald Trump's administration announces more changes to weaken the Obama-era law.
Last summer, the stop-and-start effort by Republicans in Congress to repeal the Affordable Care Act created lots of uncertainty.
Silver State Health Insurance Exchange executive director Heather Korbulic says insurers seem to have a better understanding of their risks.