Michigan rate reviews start soon for Blue Cross
AP/Chicago Tribune, June 8, 2009
The hearing process for deciding whether Blue Cross Blue Shield of Michigan can raise rates for about 400,000 of its health insurance customers begins in June. Blue Cross is seeking rate increases averaging between 31% and 56% for people who buy their own policies. Attorney General Mike Cox and staffers with the Michigan Office of Financial and Insurance Regulation want to review those requests and determine if they are justifiable under state law.
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