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Vermont medical insurance charges to extend in 2020

On Thursday, the Green Mountain Care Board announced it had finalized health care premium increases for Vermonters who get their health care through Vermont Health Connect, raising premiums by double-digit percentages. Vermont health care advocate Mike Fisher was opposed to the increase. “More and more Vermonters are priced out of the ability to get the care they need,” he said Friday. Blue Cross Blue Shield premiums will rise by an average 12.4% next year, down from 14.5%, which they had requested. MVP Healthcare’s policies will rise by an average of 10.1%, down from the 10.9% that MVP requested. The higher premiums will take effect on all 2020 policies sold through Vermont Health Connect. Kevin Mullin, chairman of the Green Mountain Care Board, says under current rules, the board had little choice. “People say, ‘Why don’t you just say there can’t be any percent increase?’ The reality is, the companies would opt not to do business,” he said.With prescription drug costs soaring, the board had to make the rate decision it ultimately did, Mullin told NBC5. Higher health insurance premiums will impact 75,000 Vermonters who get their health insurance from Vermont Health Connect. Kurt Hughes, who owns a small law firm in Burlington, was perplexed by the increase. “I don’t understand what justifies those rate increases when our premiums keep going up and up,” he said.

On Thursday, the Green Mountain Care Board announced it had finalized health care premium increases for Vermonters who get their health care through Vermont Health Connect, raising premiums by double-digit percentages.

Vermont health care advocate Mike Fisher was opposed to the increase. “More and more Vermonters are priced out of the ability to get the care they need,” he said Friday.

Blue Cross Blue Shield premiums will rise by an average 12.4% next year, down from 14.5%, which they had requested.

MVP Healthcare’s policies will rise by an average of 10.1%, down from the 10.9% that MVP requested.

The higher premiums will take effect on all 2020 policies sold through Vermont Health Connect.

Kevin Mullin, chairman of the Green Mountain Care Board, says under current rules, the board had little choice. “People say, ‘Why don’t you just say there can’t be any percent increase?’ The reality is, the companies would opt not to do business,” he said.

With prescription drug costs soaring, the board had to make the rate decision it ultimately did, Mullin told NBC5.

Higher health insurance premiums will impact 75,000 Vermonters who get their health insurance from Vermont Health Connect.

Kurt Hughes, who owns a small law firm in Burlington, was perplexed by the increase. “I don’t understand what justifies those rate increases when our premiums keep going up and up,” he said.


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