Comment on Blue Cross gets OK for 31% S.C. premium hike

Blue Cross gets OK for 31% S.C. premium hike

As debate over the Affordable Care Act swirls in Washington, insurance officials this week agreed to allow South Carolina’s only individual plan on the state’s ACA exchange to raise its premiums 31 percent next year. Blue Cross Blue Shield of South Carolina initially asked for a 33.4 percent increase, saying this year’s premiums did not generate nearly enough to cover the insurer’s claims, taxes and administrative expenses.

 

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