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Wed February 23, 2011
Some Blue Cross rates to rise; hikes not as steep as requested
Some Michiganders who buy their own health insurance will pay more for their policies beginning in May.
But the price hikes aren’t as steep as they could have been.
Blue Cross Blue Shield had planned premium increases of as much as 21 percent.
But the Michigan Attorney General intervened.
“Through negotiations we were able to slash that in most cases by about 60 percent, so the increases ended up being about 60 million dollars smaller just in the first year alone,” says John Selleck, a spokesman for the attorney general's office.
The increases will now amount to about $30 more per month.
Blue Cross had projected it would lose between $40 million to $60 million in the individual market this year.