COLUMBUS (AP) — Health insurance rates in Ohio will rise an average of 18 percent for small businesses and 41 percent for individuals participating in the new marketplaces created by the federal health care law, state insurance officials said today.
The details were the first glimpse of what Ohioans could see should they purchase private insurance in the exchanges created by President Barack Obama’s health care law.
The increases in rates are partly due to consumers receiving more benefits under the plans than previously available.
Individuals can get private health insurance, subsidized by the federal government, through the exchange. Open enrollment starts Oct. 1, and coverage takes effect in January.
Republican Gov. John Kasich chose to let Washington operate the exchange, instead of having the state set up its own