The NYS Department of Financial Services has released the rate hikes granted various health insurance companies for 2016, and while the rates are going up, most of them have been cut down from what the firms originally wanted.
For individual customers, insurers had requested on average a 10.4 percent rate hike. The state dropped that more than 30 percent, to 7.1 percent.
In the Small Group Market, insurers requested a rate increase of 14.4 percent. The state cut the rates to 9.8 percent.