Wellmark Blue Cross Rate Increase

Wellmark Blue Cross and Blue Shield was notified on March 8, 2010 that Iowa Governor Chet Culver has called for an independent actuarial review of the premium rate increases recently announced for the Iowa individual market. He further directed the Insurance Commissioner to have independent actuarial reviews conducted of all health insurance premium rate increases requested.

Wellmark intends to cooperate, and at the request of the Commissioner, we voluntarily agreed to postpone the effective date of the premium increase for 30 days—from April 1 to May 1— to allow for the review to be completed.

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This entry was posted on March 10, 2010 at 1:36 pm and is filed under health insurance. You can subscribe via RSS 2.0 feed to this post's comments.

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