HELENA, Mont. – Two of Montana’s three health insurance companies providing individual market (ACA/Obamacare) plans have dropped their proposed premium increases after State Auditor Matt Rosendale told them rate hikes were unacceptable.

“At a time when insurance companies are seeing profit increases in the Obamacare markets and when we’re seeing such an under-utilization of elective health care during the COVID-19 pandemic that hospitals have had to furlough hundreds of employees, I told the insurers they needed to do better,” Rosendale said.

After initially proposing overall aver...