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Coronavirus, inflation push up cost of health insurance in Maryland

September 20, 2022

Maryland insurance regulators said health insurance rates will rise in 2023 but not as much as insurers wanted. Those who buy their own health insurance in Maryland will pay an average of 6.6% more next year, about 4.4% less than the carriers requested, according to the Maryland Insurance Administration, which approved the increases. State agency officials said in May when insurers asked for the increases that they expected coronavirus pandemic-related costs to push up the price of health insurance offered in Maryland by the three carriers under the Affordable Care Act, also called Obamacare.

Article Source: Baltimore Sun

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