PA regulators say they're limited on insurance rate hikes

PA regulators say they're limited on insurance rate hikes

HARRISBURG — As health insurance companies propose some of the largest rate hikes in recent memory, the Shapiro administration says it is limited in what it can do to cap increases and is calling for federal action. Nearly 202,000 people have canceled their plans through the state’s marketplace, Pennie, over the past nine months. That drop occurred after Congress let subsidies lapse, which caused premium payments to skyrocket. Consumer advocates…