Health insurers offering health plans on the individual market requested an average rate increase of 7.1% statewide, up from 2.0% in 2021. The press release from the Pennsylvania Insurance Department (PID) attributed the increase to rising healthcare costs, projected claims resulting from the pandemic, increased utilization and cost trends, as well as the ending of the American Resource Plan Act (ARPA) enhanced subsidies. While none of PA’s 67 counties will lose on-exchange insurers, which is consistent with 2021, enrollment is expected to wane if ARPA subsidies are not extended into 2023.
