"Health insurance premiums are shooting up for most Michigan residents that purchase their own coverage in the first year after Obamacare, state insurers have reported.All insurers in the state are hiking their premiums, from 2.7 percent up to 21.6 percent. Michigan’s largest insurers, Blue Care Network and Blue Cross Blue Shield, are hiking premiums by an average of 9.3 percent and 9.7 percent in 2015 for a whopping three-quarters of Michigan residents that purchase their coverage on or off the state’s Obamacare exchange.
Blue Cross executive Terry Burke said the hikes are needed to account for ever-rising health care costs and uncertainty related to the Obamacare expansion bringing in sicker-than-average patients.
“We’ve got a big influx of people and we don’t know what their claims conditions are,” Burke told the South Bend Tribune.
“The actuaries are concerned about that risk mix.”"
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