MI Blue Cross deal OKs rate increases of up to 9.3%



The state and Blue Cross Blue Shield of Michigan announced a settlement Tuesday that would restrict how much the nonprofit insurer could raise rates on individuals under 65 who buy their own healthcare insurance. Blue Cross wanted to hike insurance rates for the 195,153 policy holders from 7.8% to as high as 15%. Under the agreement between Attorney General Bill Schuette, the state Office of Financial and Insurance Regulation and Blue Cross, the increases will range from 7% for about 62,000 policy holders to 9.3% for the other 133,000 policyholders.
Name:
E-mail:
Website:  
Please enter your comment below:
Please enter the text below:

MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.