By CATHY BUSSEWITZAssociated Press
HONOLULU (AP) - Hawaii's two largest health insurers are reporting $36 million in losses during the first quarter and blaming it on fees required by the federal Affordable Care Act.
The companies said Friday those fees may lead to higher costs for customers.
Hawaii Medical Services Association posted losses of $30.1 million in the first quarter and said it recorded $46.1 million in fees related to Obamacare.
Kaiser Permanente reports losing $5.8 million and paying $8 million in fees.
Both companies reported their quarterly earnings to Hawaii's insurance commissioner.
HMSA spokeswoman Robyn Kuraoka says the company has proposed increasing premiums by an average 13 percent.
Kaiser Spokeswoman Laura Lott says it's too early to say whether the losses will result in higher premiums, but like any organization, Kaiser has to cover costs.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
This $14.5M Big Island estate named HGTV's Best Outdoor Retreat
PHOTOS: Former President Bill Clinton on Oahu
PHOTOS: Largest collection of Niihau shell lei, items from Hawaiian heiress up for auction
A Native Hawaiian designer will be featured on fashion's biggest stage.