Health Insurance Commissioner allows slight rate increases
So, the health care overhaul out a few initiatives in motion on September 23rd. Two important ones for Rhode Island- children may stay on their parent’s health insurance until they’re 26 and some preventative care (colonoscopies, mammograms, and more) will be free.
Blue Cross Blue Shield of Rhode Island and United Health Care say those changes will cost them more money, so they asked the health insurance commissioner for a slight increase to help pay for them. And the Health Insurance Commissioner has spoken.
Chris Koller is giving Blue Cross a 2.25% increase ( .75% less than they requested) and United is getting a range of .6% to 1.1% depending on the health care plan, which is what they requested.
Koller also gave Blue Cross an average 9.9% rate increase for its “Plan C” Medicare Supplemental Insurance and an average 7.6% rate increase for its “Select Plan C” Medicare Supplemental Insurance.
So, what do you think?