From: BluesMarketplace Newsletter – SPECIAL EDITION – April 7, 2015

Blue Cross makes downward adjustment to small employer rates for remainder of 2015 and projects favorable rates into 2016.

Small group customers of Blue Cross Blue Shield of Michigan will benefit from a downward rate adjustment to be filed by Blue Cross with state regulators this week.

Rates for employers renewing coverage in the third and fourth quarters of 2015 will be, on average, 3.3 percent lower for Blue Cross customers, and less than 1 percent higher (0.8 percent) for Blue Care Network customers, pending state regulatory approval. In addition, 2016 rate changes look extremely favorable, with Blue Cross annual rate changes projected 2.2 percent lower and BCN projected at 4.8 lower than the previous year.

For more information, click HERE to see the Blues’ Press Release.