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Article: BLUE CROSS SEEKS BIG HIKE FOR MEDEX PLAN YEARLY COST WOULD BE INCREASED $500
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- December 12, 1989
- Author:
CopyrightCopyright (null) The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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In a move sure to provoke cries of outrage from the state's
senior citizens, Blue Cross-Blue Shield yesterday asked for a
dramatic rate hike for Medex, a popular form of health insurance
for the elderly.
Blue Cross, which previously asked for a 32 percent Medex
cost increase, boosted that request to 78 percent. On the most
popular form of Medex, the total increase, if approved, would cost
a typical subscriber almost $500 a year. About 300,000 senior
citizens in Massachusetts purchase Medex.
The company blamed the action on Congress' decision in
November to repeal the Medicare Catastrophic Coverage Act. "Now
that the federal government has reneged on its commitment, the
costs have ...