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State approves big rate hikes
Four health insurers to increase premiums 50 percent
State insurance officials approved premium increases of more than 50 percent for the four insurers participating in next year’s insurance exchange in Georgia. The officials said that the huge rate hikes assume that subsidies for insurers to lower consumers’ out-of-pocket costs will not be paid next year by the federal government. The premium increases are much higher than the rates that the four insurers initially requested this summer.
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