Report recommends lower price increase for MVP Health Care

MVP Health Care has asked to raise prices on the health exchange by more than it should be allowed next year, according to a report given to the Green Mountain Care Board on Monday, while Blue Cross Blue Shield of Vermont hasn’t asked for quite enough of an increase.

MVP requested an 8.8 percent increase in what it charges customers on Vermont Health Connect starting Jan. 1. Blue Cross Blue Shield of Vermont requested an 8.18 percent increase.

The board’s actuaries analyzed the requests and came out with an opinion Monday. The actuaries said MVP should be able to raise its prices only 3.7 percent and that Blue Cross’s prices should go up 8.24 percent instead of 8.18 percent.

The Green Mountain Care Board will decide how much the insurers will be allowed to charge. Board Chairman Al Gobeille declined to comment on the report because the rate case is still open.

Read more: http://vtdigger.org/2016/07/11/report-recommends-lower-price-increase-for-mvp-health-care/