blue cross and blue shield of rhode island

Health insurers have put in their requests for the rates they hope to charge consumers in 2017. Most have asked for increases, but not all.

Every year insurers have to figure out how much it cost them to pay for medical care for all of their members, and how much they think it will cost next year. It’s a complex process, and state regulators don’t always agree with insurers on the numbers. The result directly affects what you pay for health insurance each month.

Blue Cross and Blue Shield of RI

Blue Cross and Blue Shield of Rhode Island has named a new CEO. Kim Keck comes to Blue Cross most recently from 25 years at insurer Aetna. 

Kristin Gourlay / ripr

Sixty thousand more Rhode Islanders - Blue Cross and Blue Shield of Rhode Island commercial health insurance members -  will be enrolled in health care projects designed to save money and improve care. 

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week Mark and Dave sit down with Blue Cross & Blue Shield of Rhode Island CFO Michael Hudson, who explains why the company has laid off 80 employees. 

 When to listen:

You can hear The Bottom Line each Friday at 5:50pm.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@ripr.org     

Kristin Gourlay / RIPR

Blue Cross and Blue Shield of Rhode Island’s president and CEO Peter Andruszkiewicz has announced his retirement, effective May 2016. 

    

He’ll stay on with the state’s largest insurer while it conducts a search for his successor. 

Blue Cross and Blue Shield of Rhode Island officials say that, during his five year tenure, Andruszkiewicz has focused on boosting access to primary care and better coordinating members’ health care.

He’s currently participating in several state initiatives to reform health care payment models and improve health care delivery.

Kristin Gourlay / RIPR

Rhode Island’s Attorney General is appealing to Superior Court to stop rate increases for Blue Cross and Blue Shield of Rhode Island customers, saying the rate hikes are too steep.

State Health Insurance Commissioner Kathleen Hittner recently issued decisions about how much health insurance rates could increase for 2016. Most increases were in the single digits.

Or... they could be. Insurers have just filed their requests for premium rate increases with the state’s health insurance commissioner. They’re only preliminary. And in years past the health insurance commissioner has denied some increases. But if experience is any guide, the average monthly premium for most plans will probably go up - in some cases by two-digit percentages.                                                         

It all depends on how you buy your insurance - on your own, through a small business, or through a large business.

About 15,000 Blue Cross Blue Shield of Rhode Island members may be among the victims of a massive cyber attack. Health insurance giant Anthem, which offers Blue Cross plans in other states, revealed that hackers had stolen the personal information of nearly 80 million customers earlier this month. Anthem offers Blue Cross plans in other states.

Blue Cross Blue Shield of Rhode Island chief privacy officer Martha Holt Castle said they’re working with Anthem to repair the damage. Meanwhile, a letter will be sent to affected Rhode Islanders.

Kristin Gourlay / RIPR

Blue Cross Blue Shield of Rhode Island has opened its first retail location in Warwick, another sign of the shifting health insurance business landscape.