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Article: Medex 20% rate hike rejected State tells Blue Cross to consider 4%-5% jump
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- December 13, 1994
- Author:
CopyrightCopyright 1994 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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In a victory for seniors, the state Division of Insurance has
rejected a 20 percent rate hike request from Blue Cross and Blue
Shield of Massachusetts for its Medex Gold plan, but said it would
consider a 4 to 5 percent increase.
"We found {Blue Cross' request} to be excessive," said Sylva
Apelian, a deputy secretary in the Department of Consumer Affairs,
which oversees the insurance division.
Blue Cross said it would review the decision, made Friday but
issued publicly yesterday, "so that we can determine our options."
Those options include filing a new rate request based on the
state's estimate that an increase of 4 to 5 percent would be
acceptable; appealing the decision in court; or ...