According to our wire report last week, “Vermont’s health care regulator has approved double-digit rate increases for health insurance plans offered through Vermont Health Connect, the state’s health insurance marketplace.”

The Green Mountain Care Board last week OK’d an average increase of 12.4% for Blue Cross Blue Shield and 10.1% for MVP Healthcare.

At the precise moment he was announcing his approval of the staggering rate hikes Green Mountain Care Board Chairman Kevin Mullin said “These rates are not affordable… But at the same time we can’t put a company out of business.”

We presume Mullin was talking about the insurance companies, and not all the small businesses who either will be put out of business or be forced to drop coverage.

It’s good to see the hundreds of millions of dollars spent on Vermont Health Connect, coupled with government proxy oversight via the Green Mountain Care Board, have been so wildly successful at controlling health care costs for Vermonters.

0
0
0
0
0

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.