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PA Bulletin, Doc. No. 00-1006

NOTICES

Blue Cross of Northeastern Pennsylvania and Pennsylvania Blue Shield Community Rated Major Medical Rate Increase; Filing No. 446-MMCRG-10/1/00

[30 Pa.B. 2968]

   Blue Cross of Northeastern Pennsylvania and Pennsylvania Blue Shield request the Insurance Department's (Department) approval to increase the monthly approved rates to an adequate level for the Community Group Major Medical product (#446-MMCRG-10/1/00). The 1999 premium income on this product was $24.1 million, compared to the incurred amount for claims at $27.1 million. The claim amount does not reflect the cost for administering the program. Due to significant losses and expected future trend in claims cost, the requested increase is 54.66% effective for October 1, 2000.

   The rate increase will affect approximately 20,000 contracts and will produce additional income of $11.7 million if all groups were to renew on October 1, 2000.

   The Department's approval is also requested for revised rates for September 1, 2000 new and renewing groups. 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 5.64% per quarter.

   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 StrawberrySquare, Harrisburg, PA 17120, within 30 days of publication of this notice in the Pennsylvania Bulletin.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 00-1006. Filed for public inspection June 9, 2000, 9:00 a.m.]


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