Insurance rates on WA health care exchange set to surge

Hakeem Jeffries, the leading House Democrat, condemned rising health insurance costs, attributing them to actions by congressional Republicans and the Trump administration. Premiums for individual insurance on Washington's Health Benefit Exchange are projected to rise by an average of 21% next year, as announced by State Insurance Commissioner Patty Kuderer. Nearly 300,000 residents rely on this exchange, with many benefiting from federal tax credits that will expire without congressional intervention. Jeffries warned that Democrats may block government funding if Republicans do not reverse health care cuts. He stressed the importance of bipartisan negotiations that prioritize public well-being.

The impending expiration of subsidies could lead to 80,000 residents opting out of insurance coverage, potentially destabilizing the insurance pool. Health officials express concern that a decline in insured individuals could lead to increased costs for remaining policyholders. The uninsured rate in Washington was 4. 8% in 2023, but officials warn that progress in expanding coverage is now at risk.