Health insurance rates for workers in New Mexico are on their way up

Health Insurance rate increases
New York health insurance rates cou...
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Premiums may increase by as much as 15 percent for state government employees. Employees of the government of New Mexico may be facing health insurance premiums increases by as much as 15 percent as a result of rising medical care costs. This is the estimate made for those covered by the most popular plan. The increase will bring about an average annual rise of $133 for a single worker who makes $45,000. For family coverage for a worker who makes the same amount of money, the average annual increase will…

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Health insurance rates will experience a slight increase in Massachusetts

Health Insurance rate increases

Though it will be a minor rise, it will still be greater than the quarter before. Individuals and small businesses who will have their health insurance policies renewed on October 1, 2012 should expect to see a base rate increase on their premiums of an average of 2.1 percent on Massachusetts policies. This is a much lower increase than the 5.5 percent the state added to its base rate in 2011. According to the data at the state Division of Insurance, though Massachusetts has been very effective in keeping its…

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Massachusetts residents to see insurance rate increases

Ohio health insurance

Regulators approve rate increase proposal The Massachusetts Division of Insurance has announced the approval of a health insurance rate increase throughout the state. The increase is expected to have an effect on individuals and small businesses and will come from one of the state’s largest insurance companies. Initially, insurers had sought approval for large rate increases, typically 10% or higher. State regulators, however, have succeeded in keeping rate hikes at or below the 2% threshold for nearly two years running. With health care reform bringing significant changes to health insurance…

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Department of Health and Human Services says that health insurance rates are too high in nine states

The Department of Health and Human Services (HHS) has announced that health insurance rates in nine states are far too high to be reasonable. HHS Secretary Kathleen Sebelius has determined that these rates are excessive under the authority granted to the agency by the Affordable Care Act. The law gives federal and state insurance regulators the authority to review health insurance rate increases of 10% or higher and determine whether they are necessary. The insurance companies in these nine states will be requires to justify their rates or make changes…

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S.C. Budget and Control Board raises rates on public employee health insurance.

The South Carolina Budget and Control Board has voted to increase the premiums of the state-run health insurance program that offers coverage to public employees. The board voted Tuesday to raise the rates of the program by 4.5% total which will be put into effect at the beginning of next year. More than 400,000 state employees are covered by the program as well as 100,000 retirees. The vote has drawn some criticism from state workers who argue that the increase is unjustifiable. Employees of the state say that they had…

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Government eyeballs health insurance industry rate increases

Rising health insurance rates have become a major issue in the U.S. For months, legislators from several states have been struggling with insurance companies in an effort to lower rates and stop steep rate hikes. Insurers argue that they must raise their rates – some going so far as to raise their rates by 40% — in order to stay competitive in the market. The soaring cost of medical procedures and care is one of the major contributors to rate increases, according to insurers. The issue has gotten the attention…

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