Durham-based Blue Cross and Blue Shield of North Carolina requested a 22.9 percent average rate increase for health plans it sells on the ACA exchange.
The insurer attributed most of the hike to funding for cost-sharing reduction payments, which BCBSNC projects will not be provided in 2018.
BCBSNC said were it known if the cost-sharing reductions will be fully funded next year, its "requested increase would have been 8.8 percent."
The payer said a tax on health insurers and increased medical costs also contributed to the change. BCBSNC said it is still unsure if it will participate in the 2018 ACA exchanges.
Subscribe to the following topics: blue crossnorth carolinaacapremiumshealth insurance