Blame Trump and the Republicans for Blue Cross’s Massive 23 Percent Rate Hike Request

Blame Trump and the Republicans for Blue Cross’s Massive 23 Percent Rate Hike Request

Earlier today, Blue Cross Blue Shield of North Carolina announced that it was seeking an average rate hike of 22.9 percent for individual plans on the Affordable Care Act’s marketplace, a staggering increase for the half-million people insured by BCBS in North Carolina through the Obamacare exchange.

On the surface, this hike—along with news that Blue Cross Blue Shield of Kansas City is abandoning the ACA marketplace altogether, leaving twenty-five Missouri counties without an Obamacare insurer—lends credence to Republican claims that the health care law is “collapsing” and in a “death spiral.” Dig a little deeper, however, and the truth is more complicated.…

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