(Lansing, MI) -- Blue Cross Blue Shield of Michigan will not be allowed to raise its rates by an average 15-percent, at least not for now. Michigan Insurance Commissioner Ken Ross sent a letter to the insurer asking for more information about how they set those rates, which would affect about 189-thousand people in Michigan. Last year, Blue Cross Blue Shield requested a 56-percent rate hike, but was only allowed to raise rates by 22-percent. The insurer says it needs to enact the rate increase to offset 60-million dollars in projected losses next year.
-Metro Source



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