This morning, Blue Cross and Blue Shield announced that their individual market policyholders will face an average 13% rate increase when purchasing Obamacare compliant plans on the state’s federal health insurance exchange this fall. The dwindling grandfathered pool (plans that were sold before Obamacare was implemented on March 23, 2010) will see an average 13% rate increase as well. Meanwhile, those whose plans were extended at the urgent request by President Obama in November 2013 will see average premium increases of 19%. The second enrollment period to purchase federally qualified health plans begins this November 15.
