Maryland Regulators Approve Average 14.6% Health Insurance Premium Hike for 2027
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New informationRepeats or wire copies
What happened
Regulators in Maryland approved average 14.6% premium increases for individual health insurance plans purchased through the state marketplace for 2027. This increase follows a 13.4% average increase approved for 2026. The premium hikes are needed as enhanced federal tax credits expired, which had helped keep costs down for consumers. About 274,000 Marylanders buy individual plans through the state’s Affordable Care Act marketplace.
From baltimoresun.com
Why it matters
The increases are intended to help insurance companies remain solvent and cover rising healthcare and prescription drug costs. Without the enhanced federal tax credits, experts warn that some Marylanders may struggle to afford coverage or may be forced to choose plans with fewer benefits.
From baltimoresun.com
Who's involved
- MarylandState of Maryland, where the health insurance market is located.
How this reaches others
Each traced step by step, with the reporting behind itHow it developed
Newest first. Tap a step to see who reported it.Maryland's fee schedule establishes a new industry standard.1 source
Maryland regulators approved average 14.6% premium increases for the individual health insurance market for 2027.1 source