Navigation Links
Blue Cross Blue Shield of Michigan, Michigan Attorney General and Michigan Office of Financial and Insurance Regulation Near Agreement on Rate Increases on Under Age 65 Individual Products
Date:8/6/2009

DETROIT, Aug. 6 /PRNewswire/ -- Attorneys from Blue Cross Blue Shield of Michigan (BCBSM), the Michigan Attorney General and the Office of Financial and Insurance Regulation are near an agreement that would conclude the Attorney General's and Office of Financial and Insurance Regulation's challenge over rate increases proposed by BCBSM for its under age 65 nongroup and group conversion products.

Hearings on BCBSM's request to increase rates on its Medicare Supplemental coverage will continue, probably into at least December 2009. The Medicare Supplemental products are not affected by the agreement announced today. BCBSM members covered by employers or groups are not affected by the change.

The tentative agreement with the Attorney General and OFIR would allow BCBSM to raise premiums in individual products designed for purchase by individuals under age 65 by an average of 22 percent. Some products will receive higher-than-average increases, while others will see smaller increases. BCBSM sought to increase rates earlier this year in response to losses of more than $133 million in 2008 on its policies purchased by individuals not covered by employers. State law requires BCBSM product lines to be "self-sustaining over time."

BCBSM's individual product losses are driven by a growing number of people seeking their own coverage and a broken regulatory system that requires BCBSM to cover all individuals rejected by other health insurers for expensive, pre-existing conditions. Another problem with the regulatory system is the amount of time it takes for rates to be determined in BCBSM's uniquely complicated rate-setting process.

A critical factor in BCBSM individual product losses is the higher underlying medical cost that occurs due to cherry-picking by other health care companies operating in the broken regulatory system. BCBSM insures older, l
'/>"/>

SOURCE Blue Cross Blue Shield of Michigan
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Efforts by Blue Cross Blue Shield of Michigan, Physician Practices Help Michigan Become a Leading Adopter of E-prescribing
2. Blue Cross and Blue Shield Association Introduces Interactive Navigation Solution That Helps Individuals and Families Find Healthcare Coverage Options
3. Larry Schreiber Named President of Anthem Blue Cross and Blue Shield in Wisconsin
4. Anthem Blue Cross and Blue Shield in Missouri Harnesses Social Media to Interact with Members
5. Judge Sues Blue Cross for Autism Treatment
6. Blue Cross and Blue Shield of Texas Collaborates With Five Blue Plans to Increase Transparency, Expand Access to Health Care Cost Information
7. WellPoint, BCBSA, Blue Cross Blue Shield of Florida and HCSC Collaborate to Expand Access to Health Care Cost Information
8. Eagles to Host 2nd Annual American Red Cross Training Camp Blood Drive
9. People Across the Country are Making The Switch!
10. Nitrous gases and zinc in the crosshairs
11. Anthem Blue Cross and Blue Shield Introduces a Health Insurance Solution With a Special Boulder Flair to Chamber Members
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2014)... (PRWEB) August 27, 2014 Beginning in September, ... Olympic Games (DOG) as an interactive, fun way for ... be free to all K9 Dog Park Doggy Daycare clients ... two days per week. Clients will be able to ... webcams. The dogs that compete in D.O.G. will win ...
(Date:8/27/2014)... one of the leading purveyors of real and synthetic hair wigs, ... all its products, for the coming Labor Day. , People searching ... hair products in two ways: when they spend more than ... code LABOR10; while when they spend more than $299, they can ... coupon code is needed when securely checkout, there are about 50 ...
(Date:8/27/2014)... new UCLA study has shown this is definitely the case ... how to treat their prostate cancer. , UCLA researchers found ... a much more difficult time making treatment decisions, called decisional ... their care and their long-term outcomes. , The study should ... the findings to target men less likely to know a ...
(Date:8/27/2014)... Aug. 27, 2014 Stroke patients are 70 per ... medications one year later if they have a prescription ... at St. Michael,s Hospital and the Institute for Clinical ... centres, researchers determined how many Ontarians were taking their ... having a stroke. The results reveal the importance of ...
(Date:8/27/2014)... There is an ... case of pancreatic cancer, one of the most aggressive types ... patients die within five years after the diagnosis. The KIT ... mortality rate. For preclinical and clinical tests of the agents, ... from investors. This will allow for the further development of ...
Breaking Medicine News(10 mins):Health News:K9 Dog Park Announces Launch Of Daycare Olympic Games – D.O.G. 2Health News:K9 Dog Park Announces Launch Of Daycare Olympic Games – D.O.G. 3Health News:K9 Dog Park Announces Launch Of Daycare Olympic Games – D.O.G. 4Health News:UniWigs Is Offering A Big Sale for Labor Day on All Its Products 2Health News:Men who are uneducated about their prostate cancer have difficulty making good treatment choices 2Health News:Men who are uneducated about their prostate cancer have difficulty making good treatment choices 3Health News:A prescription for better stroke care 2Health News:Preclinical development of tumor therapeutic agent starts 2
... integrate cardiovascular activity into their lives, such as walking, would ... the study researchers surveyed nearly 18,800 women, ages 70 to ... The data show women who walked for at least 1.5 ... than those who walked less than 40 minutes per week. ...
... chemotherapy improves survival and reduces the risk of recurrence in ... not spread beyond the ovary). ,About one quarter of ... when five-year survival is 85 percent. Most doctors may prefer ... 10 patients are adequately treated by surgery alone , thus ...
... be the healthiest environment for your child at bedtime. According ... may put children at risk for leukemia. Researchers have determined ... rhythm and suppress the production of melatonin. ,As an ... DNA from oxidative damage. Once damaged, DNA may mutate and ...
... says that Man's best friend might be able to detect ... can smell odors from malignant tumors in urine samples. ... over seven months to discriminate between urine from patients with ... was then given samples of urine from six control group ...
... Patients with diabetes, Crohn's disease, bowel cancer, constipation and ... medication orally instead of using injections.Scientists in India have ... deliver // drugs to manage diseases that often require ... ,The new gel can also prevent problems caused ...
... finds a cluster of risk factors known as metabolic ... of other risk factors. // ,Metabolic syndrome ... cardiovascular and coronary heart disease. Metabolic syndrome includes looking ... pressure.Metabolic syndrome has two different definitions including one by ...
Cached Medicine News:
(Date:8/27/2014)... Calif. , Aug. 27, 2014  After the ... and Personal Injury billing solution for medical practices ... positive response toward the new software. "The ... Sandy Thompson . "The sheer number of demos ... true the need was for these types of software ...
(Date:8/27/2014)... -- Zimmer Holdings, Inc. (NYSE and SIX: ZMH), a global ... participating in the Morgan Stanley 2014 Global Healthcare Conference ... New York , on Tuesday, September 9, 2014.  ... will be presenting at 9:10 a.m. Eastern Time.  ... join Mr. Dvorak for the Q&A session. ...
(Date:8/27/2014)... 2014 Sinovac Biotech Ltd. (NASDAQ: SVA ), ... , today announced the results of the Company,s 2014 Annual General ... Beijing , PRC. The required quorum, a majority of ... The Company,s shareholders approved the following proposals:  , The ... Simon Anderson , Kenneth Lee and Meng ...
Breaking Medicine Technology:Medical Software Company, Prime Clinical Systems, Sees Excellent Response to their Workers' Compensation Solutions 2Medical Software Company, Prime Clinical Systems, Sees Excellent Response to their Workers' Compensation Solutions 3Sinovac Announces Results of 2014 Annual General Meeting of Shareholders 2
... 2011 Ingenious Med, the leading platform for automated ... now available on the App Store for iPhone, iPod ... part of the company,s presence at the Hospital Information ... Ingenious Med,s 9,000 users to access the charge and ...
... Feb. 17, 2011 NexBio, Inc. announced the presentation ... a Patient after Allogeneic Stem Cell Transplantation" at the ... February 17-21 in Honolulu, Hawaii.  The data was presented ... General Hospital and Harvard Medical School. Parainfluenza ...
Cached Medicine Technology:HIMSS11: Ingenious Med Launches Billing and Data Capture App for iPhone, iPod touch and iPad 2NexBio’s DAS181 (Fludase®*) Improved Symptoms in a Severely Immunocompromised Patient with Parainfluenza Pneumonitis 2NexBio’s DAS181 (Fludase®*) Improved Symptoms in a Severely Immunocompromised Patient with Parainfluenza Pneumonitis 3
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: