Michigan ruling would allow Blue Cross rate increases
State regulators will allow Blue Cross Blue Shield of Michigan to increase rates for some individual health insurance policies, but it's unclear what the final rate increase will be for the fewer than 20,000 customers under age 65 covered by the policies. The Michigan Office of Financial and Insurance Regulation said it rejected the company's request for a 24.3% rate increase, but Blue Cross said an increase of 23% would be allowable under the ruling.
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