North Dakota health insurance premiums to rise in 2027

Summarised from 2 outlets · Updated 12 Oct, 22:01 · Archive

North Dakota health insurance premiums for ACA plans will increase in 2027, driven by rising healthcare costs.

North Dakotans enrolled in Affordable Care Act individual and small group plans will see their health insurance premiums increase in 2027, Insurance Commissioner Jon Godfread announced Monday. Rising healthcare costs, including hospital care, medical services and prescription drugs, are driving the increases.

Insurance companies must submit their proposed rates to the North Dakota Insurance & Securities Department, and the commissioner has authority to approve or adjust them. Godfread said the state reviewed insurers' financial condition, claims costs, administrative expenses and profit margins, and reduced several of their requested increases for 2027. Despite these reductions, approved rates reflect what the state determined necessary to cover expected costs and maintain financially sound companies.

Godfread acknowledged consumers' frustration with another premium increase. He stated that lasting relief on insurance premiums requires addressing the underlying cost of healthcare itself. He noted that each consumer's situation differs and they can expect rate changes near the average approved amounts, though specific percentage increases were not detailed in the announcement.

How it is being reported

• North Dakota health insurance premiums set to rise in 2027Insurance commissioner says rising health care costs are driving the increasesValleynewslive · 12 Oct, 21:37
• ND Insurance Department announces health insurance rate increasesThe North Dakota Insurance & Securities Department has announced that North Dakotans who have Affordable Care Act (ACA) plans can expect rate increases next year.KXNET · 12 Oct, 21:31

In this story: North Dakota · Jon Godfread · North Dakota Insurance & Securities Department

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