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Vermont Health Connect Providers Seeking Rate Increases

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The organization that regulates health care in Vermont says the two providers offering health insurance through the state health exchange are seeking rate increases.

The Green Mountain Care Board said Monday that Blue Cross Blue Shield of Vermont has requested an average annual rate increase of 8.4 percent over 2015 rates while MVP Health Care has requested an average annual rate increase of 3 percent.

Both insurers say the drivers of the requests are increasing medical and pharmacy prices and costs related to federal and state requirements.

Two public hearings are scheduled for late July. The public can comment on the proposals through July 29.

Decisions are expected by the middle of August.

Copyright 2015 The Associated Press. All rights reserved.

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