Health Insurance Premiums in Florida to Double by 2026 Amid Rising Costs

1 min read
Source: Florida Phoenix
Health Insurance Premiums in Florida to Double by 2026 Amid Rising Costs
Photo: Florida Phoenix
TL;DR Summary

Health insurance premiums in Florida are set to double for over 4 million residents in 2026, driven by rate hikes approved by the Florida Office of Insurance Regulation, which could lead to a significant increase in the uninsured population. The increases affect individual and small employer plans, with rural counties facing the highest costs, and are part of broader national trends of rising insurance costs due to various factors, including the expiration of enhanced premium tax credits. Experts emphasize the urgent need for Medicaid expansion to prevent a healthcare crisis.

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