Rochester, N.Y. - One day after the Supreme Court ruled that its constitutional for the government to require Americans to have health insurance, Excellus BlueCross BlueShield said it will raise health insurance rates next year.
The rate changes for health care plans will take effect January 1, 2013, pending state approval.
HealthyBlue plans could face rate increases from 9 to 11.7 percent.
Excellus said other plans will see increases ranging from 6.3 percent for large group HMO to increases ranging from 16.4 percent to 19.9 percent for high-deductible plans.
"We continue to see an increased use of health care services and higher payments for many of those medical goods and services that together are driving the increased cost for coverage," said James Reed, Senior Vice President of Sales and Marketing. "We aren’t immune to national trends in health care cost increases."
Excellus says some plans such as direct-pay HMO and POS will have rate decreases of 3.4 percent.
