Insurance companies proposing substantial increases

RALEIGH, N.C. (AP) — North Carolina’s largest health insurer says it wants to raise rates by an average of almost 19 percent next year on broadly subsidized policies sold to individuals.

Blue Cross and Blue Shield of North Carolina said Tuesday it’s seeking the increase for 2017 for policies sold on the online insurance marketplace created by the Affordable Care Act.

Aetna is requesting an increase of about 24 percent for next year’s marketplace plans in North Carolina.

Cigna is offering insurance under the ACA in the state for the first time. UnitedHealthcare has pulled out of the North Carolina market.

The state Insurance Department must approve the rates, which would go into effect Jan. 1.

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