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Cost Sharing Reduction

steve carmody / Michigan Radio/

Affordable Care Act health insurance rates may jump in Michigan next year, depending on a decision by the Trump administration.

The Trump administration has threatened to end Cost Sharing Reduction payments.  The federal government offers those subsidies to offset the cost of insurance policies that cover low income residents.  

State insurance officials say Michiganders buying health insurance through the marketplace will see rates rise between 16% and 59% next year.