Health insurers raise rates, while increasing reserves and salaries
Washington's largest health insurers imposed rate hikes on individual plans this year on the heels of continuous annual increases, and after company reserves grew and executive salaries mostly increased, a seattlepi.com review of state documents has found.
Federal health-care reforms are expected to help consumers with more affordable coverage, but not until 2014.
Regence BlueShield, which dominates the state's individual market with 132,000 members, instituted a 16.4 percent hike this year, the fourth year in a row of double-digit increases. It meant the company's individual premiums have swelled cumulatively by 91 percent since 2007.
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- Don't Let Nurses Sink Your Bottom Line
- Hospitals Profit On Bloodstream Infections
- Fortunately, Angelina Jolie Isn't On Medicare
- Less Blood Testing for Some Surgeries Safe, Cost Effective
- Lower ED Margins Demand a Better Strategy
- How Chargemaster Data May Affect Hospital Revenue
- Primary Care Docs Average More Hospital Revenue Than Specialists
- House Lawmakers Grill CMS Over Health Exchange Navigators
- ED Physicians Key to Half of Hospital Admissions