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State to Hold Hearings on Proposed Insurance Rates

Blue Cross Blue Shield of Montana is proposing an average 62 percent rate increase for individual plans in 2017

By Dillon Tabish

GREAT FALLS — Commissioner of Securities and Insurance Monica Lindeen is asking for public input on proposed rate increases for health plans across the state.

The Great Falls Tribune reports that there will be two public hearings in the next couple of weeks to hear comments on rate increases that range from 3 percent to 62 percent.

Blue Cross Blue Shield of Montana is proposing an average 62 percent rate increase for individual plans in 2017. Montana Health Co-op’s average requested increase is 22 percent, and PacificSource’s request is an average 20 percent jump.

The hearings are a result of a 2013 law that requires the companies to provide information, but the state has very little control over how the companies set the rates.