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New Yorkers warned of 38 percent spike in health insurance

Trump's "big, beautiful bill" has been divisive in Congress, with Democrats and Republicans warning of its potential consequences.
New Yorkers are being warned about a significant increase in health insurance premiums, with some plans seeing hikes of up to 26 percent, as reported by Newsweek on February 23, 2023. The New York State Department of Financial Services has approved these rate increases for individual and small group markets, affecting around 700,000 residents. The rise in premiums is attributed to factors such as inflation, increased healthcare costs, and the end of federal subsidies provided during the COVID-19 pandemic. This development has raised concerns among consumer advocates and policymakers, who are urging for more transparency and affordability in health insurance.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/new-yorkers-warned-spike-health-insurance-2083828 ]


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