Follow on Twitter
on June 27, 2014 at 8:00 AM, updated June 27, 2014 at 4:05 PM
LANSING, MI — Most people buying their own health insurance in Michigan could see near double-digit premium increases next year.
State insurance regulators said Wednesday that dominant insurers Blue Care Network and Blue Cross Blue Shield want to raise rates by an average of 9.3 percent or 9.7 percent in 2015.
The rate hikes are subject to change pending state review by Aug. 8, after which the federal government in the fall likely will approve whatever Michigan regulators decide.
Blue Care and Blue Cross sell policies to about three-quarters of nearly 246,000 Michigan affected residents who purchase their own insurance — either through a new website created under the federal health care law or off the “exchange.”