Significant increases in health insurance rates expected for individuals and small businesses in WNY in 2026
In 2026, numerous consumers and small businesses in the state will experience significant health insurance increases, with double-digit percentage hikes driven by rising healthcare costs, hospital expenses, and soaring drug prices. For individual markets, insurers asked for an average rate hike of 13.5%. However, state regulators reduced this to 7.1%, as announced by the Financial […]