Georgia accepts new hike in Blue Cross exchange premiums

[TexasTowelie]

The state insurance department Tuesday approved an average premium increase of 21.4 percent for Blue Cross and Blue Shield of Georgia for the 2017 health insurance exchange in Georgia.

The company earlier requested an average premium of 15.1 percent, but it raised the request in the wake of Aetna’s pullout from exchanges in Georgia and 10 other states last week.

Blue Cross, the largest health insurer in the state, had told GHN late last week that it was considering upping its current premium proposal.

State insurance officials said Tuesday that Blue Cross was the only health insurer to request a new rate after Aetna’s move.

Read more: http://onlineathens.com/mobile/2016-08-24/georgia-accepts-new-hike-blue-cross-exchange-premiums

[GoDawgs]

1. They found out there was less competition, so jacked up their increase, AGAIN!