Blue Cross of Northeastern Pennsylvania; Blue Cross Community-Rated Group Rate Increase; Filing No. 463-BC-CR-10/1/2000
[30 Pa.B. 2692]
Blue Cross of Northeastern Pennsylvania submitted a filing requesting the Insurance Department's (Department) approval to increase the monthly rates by 31.64% for the Blue Cross Community-Rated Program for an effective date of October 1, 2000. Also, to adequately keep pace with the emerging medical care cost trends, which are significantly higher than those projected in last year's approved filing, Blue Cross of Northeastern Pennsylvania is requesting the Department's approval of raised rates for September 1, 2000, groups with less than 51 eligible contracts. The new proposed September 1, 2000, rates were developed by indexing backward one quarter from the proposed October 1, 2000, rates using the rate filing trend factor of 3.03% per quarter. The rate increase will impact approximately 16,450 policyholders and will produce additional annual income of $8.8 million.
Copies of the filing are available for public inspection during normal working hours, by appointment, at the Department's office in Harrisburg.
Interested parties are invited to submit written comments, suggestions or objections to Bharat Patel, Actuary, Insurance Department, Accident and Health Bureau, Office of Rate and Policy Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, within 30 days of publication of this notice in the Pennsylvania Bulletin.
M. DIANE KOKEN,
[Pa.B. Doc. No. 00-910. Filed for public inspection May 26, 2000, 9:00 a.m.]
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