Close

Share:

Hearing on Health Insurance Premiums

Date: June 18, 2014

NFIB testified at the Insurance Commission on behalf of RI small business owners regarding 2015 health insurance premiums. As a small business owner, you are well aware of the high cost of health insurance in Rhode Island. In fact, most employers say that the cost of health insurance and health care is their #1 concern. On June 17, the Office of the Health Insurance Commissioner accepted public comments on the proposed health insurance rate increases for 2015 offered by Rhode Island’s healthcare carriers. The proposed premium increases for 2015:

Insurer

2015 Requested Rate Increase

United Healthcare

+ 16%

Blue Cross/Blue Shield

+ 6-8%

Tufts

+5%

Neighborhood

- 4%

 

NFIB remarked that premium increases for small business owners directly impact the state’s job growth. Rhode Island already has the highest unemployment rate in the nation and higher healthcare costs will only further damage the state’s business climate.

NFIB asked that when considering rate increases, Commissioner Hittner include consideration of the  economic impact on small business already paying relatively high premiums. It was also requested that cost savings measures, like global payments and expanded consumer choice, should be required as steps to lower premiums. 

This was an opportunity for small business owners to comment on their rates before they have been officially set and a good opportunity to weigh-in on the impact of the increasing cost of health insurance on job providers. We encourage you to take an opportunity to send along written comments to the Office of Health Insurance. Written comments can be submitted via email to healthinsinquiry@ohic.ri.gov.

blog comments powered by Disqus

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

POLL RESULTS

Do you use a CRM to manage customer information?

Yes, I use a CRM. - ( 216 votes )

CRM? I use Excel. - ( 115 votes )

Excel? I use paper and pencil! - ( 38 votes )

No, I don't use any CRM system. - ( 145 votes )