SALT LAKE CITY (AP) — Utah officials say health insurance rates for Utah residents who buy coverage under the Affordable Care Act will rise by an average of 39 percent next year.
Utah’s Insurance Department released a sampling of rates Thursday for plans sold in the individual insurance market.
Insurance Department spokesman Steve Gooch says two insurers, SelectHealth and University of Utah Health Plans, will both offer insurance options in all of the state’s 29 counties.
One insurer, Molina, left Utah’s market this year.
Utah Health Policy Project, a nonprofit that advocates affordable health care, says 86 percent of those who buy the plans will not be hit by steep increases because they qualify for government subsidies.
The group also says insurers have raised rates around the country amid uncertainty about whether the Trump administration will continue cost-sharing reduction payments to insurers.
