Blue Cross Blue Shield Vermont and MVP Health Care Seek Premium Hikes
The proposed changes could impact more than 225,000 Vermonters enrolled in Blue Cross Blue Shield plans.
The proposed changes could impact more than 225,000 Vermonters enrolled in Blue Cross Blue Shield plans.
The proposed changes could impact more than 225,000 Vermonters enrolled in Blue Cross Blue Shield plans.
Blue Cross Blue Shield of Vermont and MVP Health Care have filed requests for significant premium increases with the Green Mountain Care Board.
Blue Cross is seeking a 23% rate hike for individual plans and nearly a 14% increase for small group plans. MVP Health Care is requesting smaller increases—just over 6% for individuals and 7.5% for small groups.
The proposed changes could impact more than 225,000 Vermonters enrolled in Blue Cross Blue Shield plans. The insurer has experienced four consecutive years of financial losses.
Gov. Phil Scott acknowledged the challenges in Vermont’s healthcare system but emphasized the need to prioritize housing and education in this legislative session.
“You can’t treat every crisis the same. You can’t handle all the crises at once,” said Scott. “We have a separate board, the Green Mountain Care Board, that is full-time working on this issue.”
Scott expressed his intention to push for major reforms in housing and education this year, allowing healthcare to take center stage in the next legislative session.