(Bloomberg) — 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, are for 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.
The requests are disclosed on a government website that only lists plans that have asked for rate increases of at least 10 percent, which makes it difficult to determine how much the average rate will rise next year.
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