Business, Government

Governor Hogan announces health insurance premium rate decreases

Governor Larry Hogan on Friday announced approval of an average 13.2 percent premium rate decrease for individual health insurance plans with an effective date of January 1, 2019. These rates reflect the impact of Maryland’s 1332 State Innovation Waiver, which creates a State Reinsurance Program to help stabilize Maryland’s individual health insurance market and prevent previously-predicted massive rate hikes. “Rather than …