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Monday, September 07, 2015

Cost of small business health plans to decrease by 1.8 percent

While some Marylanders are bracing for a 24 percent spike in individual health plan rates, people who buy insurance as part of a small business group will be in for a much smoother ride into 2016.

The Maryland Insurance Administration on Friday approved rate change requests ranging from a 16.9 percent decrease to an 8.9 percent increase for small group plans. Overall, small group rates will decline 1.8 percent in 2016.

CareFirst BlueCross BlueShield sought and was granted the largest decrease in small group rates — a decline of 16.9 percent for two of its plans.



Anonymous said...

Oh I get it now.... those on the subsidy get a 24% hike, those not subsidized get a 1% hike.
And the state of MD approved it.

Anonymous said...

What a deal! It goes up 75% due to Oamacare and is now dropping 1.8%

Anonymous said...

The AFFORDABLE health care act. We have to pass it to see what's inside it!.

Never forget your own stupidity, America!

P.S. It can still be repealed and we can go back to NO government involvement where we just pay the insurance companies direct for good value plans that fit our individual needs, but that would make good sense.