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New York

hrmjustin

(71,265 posts) Thu Sep 4, 2014, 05:09 PM Sep 2014

State to health insurers: No big rate hikes for you

Joseph Spector

The state today approved an average 5.7 percent rate insurance for health insurers in 2015, spurning their request for a 13 percent hike.

Insurers in July cited growing costs in their rate requests. But the state Department of Financial Services set the rate and said it would be an average of 5.7 percent for individual plans, saying it will save customers about $1 billion next year.

http://polhudson.lohudblogs.com/2014/09/04/state-to-health-insurers-no-big-rate-hikes-for-you/

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