Obamacare Insurers Seek 10% Rate Increases or More on Plans

U.S. health insurers are submitting their 2016 rate requests for Affordable Care Act policies, with some asking for big increases as they adjust to customers who’ve recently gained coverage through the marketplaces.

Many of the requests, which span hundreds of insurance plans across dozens of states, seek increases of 10 percent to 20 percent, though some propose far greater hikes. Blue Cross and Blue Shield of Alabama, for example, is asking for a 71 percent rate increase for one plan.