RAISING RATES: Wellmark Asks For Another Increase

wellmark

Wellmark Blue Cross Blue Shield is asking state regulators to approve another rate increase.

The health insurance companies’ leaders want to raise rates by 12- 13 percent for Iowans.

If approved, thousands of customers would see the increase early next year.

This comes after Wellmark raised Iowa rates by 18 percent in 2010, and an additional 9 percent last year.

The Iowa insurance division must approve the increases, and then a public hearing will take place on January 5th.

A spokesperson for Wellmark says the increase is needed to offset the rising cost of health care, however, they added it is not a result of the affordable care act.



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