Excellus BlueCross BlueShield is seeking approval from the state Insurance Department to increase rates on some of its health insurance policies in Central New York in 2011 from 4 percent to as much as 12.5 percent, depending on the product. Reader tollie59 had this to say about the proposed rate boost: "Why not? They've been increasing at this rate...
The Excellus headquarters building in DeWitt.Excellus BlueCross BlueShield is seeking approval from the state Insurance Department to increase rates on some of its health insurance policies in Central New York in 2011 from 4 percent to as much as 12.5 percent, depending on the product.
Reader tollie59 had this to say about the proposed rate boost:
"Why not? They've been increasing at this rate for years, while decreasing coverage and increasing out of pocket costs. With inflation supposedly flat, unemployment up and housing down, it is a no-brainer that they would want more obscene increases. Pretty much looks like you have to be at least an insurance company VP to be able to afford coverage. Oh wait - they probably get free or heavily discounted coverage."
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» Read the story: Excellus asks state for permission to boost rates
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