Blue Cross cuts rate request for small business, individuals
Average increase in Mass. at 0.7%
Massachusetts regulators said Thursday that average base rate health insurance premium increases for small business and individual policies renewing in the third quarter have been revised to 0.7 percent -- even smaller than the 1.2 percent average they reported earlier this week. The downward revision came because Blue Cross Blue Shield of Massachusetts, the state’s largest health insurance company, refiled its rate request in the so-called “small-group” market serving small companies along with self-employed and formerly uninsured individual policy holders.