Blue Cross Blue Shield Agrees to Smaller Rate Hikes

By: Associated Press
By: Associated Press

The state and Blue Cross Blue Shield of Michigan have reached a settlement related to rates charged to about 200,000 people who buy their own health insurance.
The settlement announced Tuesday will allow Blue Cross to raise rates between roughly 7 percent and 9 percent, depending on the product.
Blue Cross says those rates are below costs and it will continue to lose money on the products. Blue Cross had sought far higher rate increases on some of the products covered by Tuesday's settlement, typically bought by people under 65.
The settlement was reached between Blue Cross, the Office of Financial and Insurance Regulation and Attorney General Bill Schuette. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 116711404 -
Gray Television, Inc.