A year after insurers battled over premium increases with Governor Deval Patrick in Massachusetts, they are now seeking to increase rates by 10% or less. Insurers struggled with the Governor after proposing rate increase between 12% and 25%. This unsettled the community and the ensuing battle lasted for five months. In an effort to avoid another stand-off, the companies are limiting themselves to mostly single digit increases. “The dynamic has been changed for health care in this state,” says Barbara Anthony, undersecretary of consumer affairs and business regulation in Massachusetts.…
Read MoreFriday, May 3, 2024
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