Michigan health insurers seek more double digit rate hikes for 2026 [View all]

(Detroit Free Press) Big price hikes are coming again next year to health insurance premiums in Michigan for businesses and individuals.

A new report from the Michigan Department of Insurance and Financial Services shows that health insurance plans covering nearly 950,000 Michiganders are seeking regulators' approval for double-digit rate increases for 2026.

The proposed premium increases would average 16.8% for individuals policies, including those sold on the Healthcare.gov website, which some call "Obamacare." That is a bigger request than last year's average 10.9% rate increase that was ultimately approved.

For small group policies — those for businesses and organizations with fewer than 51 employees — the average rate increase would be 11.1%, or slightly more than last year's 11.3% increase. .................(more)

https://www.freep.com/story/money/business/michigan/2025/07/15/michigan-health-insurers-seek-more-double-digit-rate-hikes/85192789007/