News Headlines Article

Mass. settles with insurer in premium dispute
San Francisco Chronicle

Gov. Deval Patrick’s administration reached an agreement Thursday with the state’s largest private health care insurer on premium increases for small businesses and individuals, resolving a part of the ongoing tussle between state regulators and insurers.

The Massachusetts Division of Insurance agreed that Blue Cross Blue Shield of Massachusetts can increase its rates by 0.4 percent to 12.9 percent on Sept. 1. The insurer had originally asked to increase rates 1.7 percent to 22.6 percent, but the state rejected increases of 9.3 percent and above.