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Department of Insurance and Financial Services

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.

steve carmody / Michigan Radio

Fewer insurance companies will be offering health care plans in Michigan through the Affordable Care Act marketplace this fall.

Since Obamacare began, Michigan insurance regulators have vetted the companies willing to offer health care plans in the state.  This year, they’ll have fewer companies to vet. 

Bruce LaBrecque says there are so many painful issues that a woman's OBGYN might be reluctant to ask about that can be treated with physical therapy.
Steve Carmody / Michigan Radio

The next round of Obamacare will cost more for hundreds of thousands of Michiganders who get their health insurance through the federal program.

Four fewer companies are offering health insurance plans through Michigan’s Affordable Care Act marketplace next year.  That will directly affect about 10,000 Michiganders currently covered by plans offered by those companies.

Steve Carmody / Michigan Radio

The next round of Obamacare sign-ups start next month.

Insurance companies have until November 5th to decide which of the plans they submitted, and were approved by state and federal regulators, to offer beginning November 15th.

Andrea Miller is with the Michigan Department of Insurance and Financial Services. She says the department’s Health Insurance Consumer Assistance Program website can help consumers start planning for picking or renewing their insurance policy.

Steve Carmody / Michigan Radio

The next round of Obamacare health insurance policies and rates must be submitted to Michigan regulators by tomorrow.

272,000 Michiganders signed up for Affordable Care Act health care policies this year. 14 companies offered plans in Michigan.    

Caleb Buhs is a spokesman for the Michigan Department of Insurance and Financial Services.    He says state regulators don’t know what to expect from companies filing new health plans and rates for next year.