By: Peter Christian
Health insurance rates for the individual marketplace in 2018 could rise by as little as four percent to as much as 23 percent, depending on the insurer.
Montana’s Insurance Commissioner Matt Rosendale released the projected numbers on Tuesday afternoon. Spokesman Kyle Schmauch started with the largest proposed increase from Blue Cross Blue Shield.
“Blue Cross overall on average in the individual market is asking for an increase of about 23 percent,” Schmauch said. “That will vary according to an individual’s specific plan. The Montana Health Co-op is asking for an average increase of about four percent, and Pacific Source is requesting an average increase of about seven and-a-half percent.”…
Schmauch said Rosendale’s office does not have the power to order rates to be lowered.
“Ultimately, the rates are determined by the companies themselves,” he said. “Matt Rosendale has the authority to review the rates, provide feedback to the insurers, and to notify the public, but he does not have the power to reject those rates.”
Schmauch said there will be two public meetings scheduled for Billings and Helena at the end of July. To send feedback to Rosendale’s office, email CSIPublicComment@mt.gov.
Read more at KGVO