BOSTON (AP) — State insurance regulators have approved a 1.2 percent quarterly increase in small group health insurance rates in Massachusetts.
The state Division of Insurance also said Monday that two of the state’s largest insurers — Tufts and Fallon — actually plan to lower rates for the three-month period beginning July 1.
State officials say it’s the second consecutive quarter that rate increases for individuals and small businesses have been held below 2 percent, and continues a trend that that began more than two years ago when Gov. Deval Patrick ordered state regulators to use their authority to reject rate requests that were considered unreasonable and excessive.
Patrick said Monday that the insurance rate trend is going in the “right direction,” but he repeated his call for lawmakers to pass a health care cost containment bill.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
are you f’ing kidding me , my ins company wont pay for meds i need and they are going up in price. screw this statew and that idiot govenor we have
Really? Omg I pay soooo much already! Crazy!
1.2% quarterly is 5% (or just about that ) on an annual basis. I don’t know that is a small amount.
B. S. !!!!!!!!!!!!!!!!
ONLY IN MASS……this state makes it impossible for any family to make it
BULL****! We continue getting robbed by the suits!
It’s cheaper to not work, collect SSI and get free masshealth. Just saying…
1.2% isn’t enough to cover inflation right now. All of you people bitching about the cost apparently don’t realize that the insurance companies have thousands of employees that they have to keep increasing pay. Yes it stinks that stuff becomes more expensive. But when costs go up it affects every industry, health insurance included.
@Rudi increasing the quarterly payments by 1.2% does not increase the annual by 5%. The only way that would happen is if it increased by 1.2% every quarter.
@ nathan lynch… I understand your point, but you have to understand that the people complaining are the ones who can barely afford health care at all and or don’t have any at all… I frankly feel a lot worse for the people who work for small companies not offering affordable health insurance, and the ones who have ourtageous co-pays because that is the best insurance plan they can afford! the people working for the insurance companies have good health insurance… who cares about inflation!!!
I work in an industry where health insurance is often rarely offered. Lately it seems my health insurance is covering less and less as the bills for similar services seem to get higher. If it was a matter of them covering more the increase probably wouldn’t bother me, but I feel like that isn’t the case.