Public weigh in on rate increase
Providence, RI – A public hearing continued today over a proposed average eight percent rate increase for people who buy their own health insurance.
The request by Blue Cross Blue Shield of Rhode Island would take effect on April 1st of this year and affect around 14,500 Rhode Islanders.
Both Lieutenant Governor Elizabeth Roberts and Attorney General Peter Kilmartin have come out in opposition to the rate hikes calling them excessive.
Blue Cross says the increases are necessary to pay state taxes, make changes under health care reform and contribute money to its reserves.
Health Insurance Commissioner Christopher Koller has the final say on the rate request. He may reject, approve, or modify the increase.
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