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US health premiums rise 12-15% in December amid rising costs
US health insurance premiums are rising 12-15%, with West Virginia facing hikes up to 20% amid higher medical loss ratios.
US health insurance premiums are expected to rise by 12-15% in December, with some regions such as West Virginia facing hikes as high as 20%. The increase comes as medical loss ratios hit 85% in Q3, putting additional pressure on insurers' profitability, which is estimated to decline to $45 billion annually.