While the rest of the country continues to experience rising health care costs, insurance premiums are actually declining in Maryland thanks to Governor Hogan’s innovative and bipartisan reforms.
Yesterday, Governor Hogan announced Maryland health insurance premiums for the individual market have declined for the third consecutive year. Overall, premiums have fallen over 30% since 2018 – the same year that Governor Hogan passed bipartisan health legislation to stabilize the market.
Prior to Governor Hogan’s innovative reforms, Maryland’s health insurance premiums had experienced double-digit percent increases for two consecutive years.