State regulators say they will allow Blue Cross Blue Shield of Michigan to increase rates for some individual market health insurance policies by about 15.5 percent.
The recalculated rate increase was approved Friday by the Michigan Office of Financial and Insurance Regulation.
Blue Cross had sought a 24 percent rate increase almost two years ago. Since then, more of its nongroup customers have shifted into products that require enrollees to share more of the costs.
The policies with rate increases cover fewer than 20,000 customers under age 65. Blue Cross says most of its individual market customers will not have a rate increase under this ruling.
The rate increase decision by state regulators could be appealed in court.