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Independence Blue Cross seeking rate increases of up to 57%
Thousands of Independence Blue Cross customers could be paying more for their health care if a request by the insurer to raise rates for three individual PPO plans is approved. IBC said in a statement...
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Florida appeals court affirms State Farm rate increase denial
A Florida court has sided with state officials in their denial of rate increases for State Farm, which plans to discontinue its coverage of Florida policyholders. Kevin McCarty The First District Court...
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Blue Cross of Northeastern Pennsylvania seeks rate hikes
Citing increased costs in health care, Blue Cross of Northeastern Pennsylvania is seeking regulatory approval for $13.4 million in premium increases, affecting 56,000 of its members. The Wilkes-Barre,...
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Louisiana deems State Farm’s 19% rate hike request ‘unreasonable’
A request by State Farm Fire and Casualty to increase homeowners insurance rates by an average of 19.1% was rejected by Louisiana’s insurance commissioner. James Donelon Jim Donelon called the request...
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Conn. state senator cites premium hikes as need for elected regulator
Premium increases by health insurers across the nation are taking center stage to justify the need for health care reform, as a way to stuff the pocket of company executives and now, in Connecticut,...
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HHS giving states funds to probe health insurers’ rate hike requests
Insurance regulators across the nation may now access a grant to help them more closely scrutinize requested premium rate hikes by health insurers. Kathleen Sebelius The U.S. Department of Health and...
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Aetna withdraws 25% rate hike plan in Calif. after review finds errors
Aetna withdrew a 19% rate increase in California after “substantial mathematical errors” were uncovered during the state’s review, state insurance regulators said. Steve Poizner California Insurance...
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Northeastern Pa. Blues seeking rate increases of up to 27%
The 44,000 people covered by eight plans of Blue Cross of Northeastern Pennsylvania could see premium increases of between 15% and 27%. The proposed rate increases were first reported by the Pocono...
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