Michigan health insurers seeking bigger rate hikes
Detroit Free Press (MI)
Michigan health insurers are seeking bigger rate increases next year from some employers and individuals as health care spending returns to normal after the worst of the COVID-19 pandemic.
State regulators announced this week that small group policies those for organizations with fewer than 51 employees want an average 7.1% rate increase for 2022 and individual policies want an average 4.5% increase.
The proposals, still subject to approval, are significantly higher than last year s average 1.4% rate increase for small groups and 1.1% increase for individual policies. Those increases were unusually low because health insurance companies saw fewer claims during the pandemic as people put off elective procedures and made fewer visits to the doctor.
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Michigan health insurers seeking bigger rate hikes
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Michigan health insurers seeking bigger rate hikes
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