Regence wants to raise health insurance rates -- again
Regence BlueShield has requested another rate hike for individual health plans to take effect just three months after it raised rates by double digits.
In documents filed with the state last week, the insurer requested an average premium increase of 3.7 percent for individual plans starting Jan. 1. That comes on the heels of 16.4 percent rate hike on Oct. 1.
Regence blamed its latest request, which has not yet been approved by the state, on health care reform. Specifically, it cited mandates to add preventive care benefits, remove lifetime benefit limits, and cover kids with pre-existing conditions.
The state has 60 days to review the rate request.
- CEO Exchange: Preparing for Population Health
- EHR Systems 'Immature, Costly,' AMA Says
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- 3 Strategies for Retaining Millennial Employees
- 'Early Offer' Malpractice Programs May Spur Reform
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- Hospital mergers may lead to higher prices