Montana Health Insurers Ask for Double-Digit Rate Hikes - KFBB.com News, Sports and Weather

Montana Health Insurers Ask for Double-Digit Rate Hikes

Posted: Updated:
By MATT VOLZ
Associated Press

HELENA, Mont. (AP) - Insurance companies offering plans in Montana under President Barack Obama's health law are requesting double-digit rate increases next year.

Blue Cross and Blue Shield of Montana is asking regulators to approve an average increase of about 22 percent over the rates approved in 2015 for its individual plans. PacificSource is asking for an average 32 percent increase. The Montana Health Cooperative is requesting an average 34 percent increase.

The insurers last week warned of possible rate increase requests after reporting losses last year, but the details of their proposals were only recently released on the Healthcare.gov government website.

Company officials say the costs have been much higher than what had been estimated when the online exchange launched in 2013.

State Auditor Monica Lindeen's office is reviewing the proposed hikes.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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