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Carolina Journal News Reports

VIDEO: Impact of ObamaCare on Blue Cross Blue Shield Rates

State’s largest insurance carrier announces refund and rate hike

Sep. 21st, 2010
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RALEIGH — Blue Cross and Blue Shield of North Carolina and the Department of Insurance announced a refund and rate hike for some insurance customers Monday. The refund and rate increase affect only people with individual policies and not those insured in a group plan.

The Department of Insurance says more than 215,000 people will get refunds before the end of the year. The refunds are drawn from a pot of more than $155 million. Refunds will vary depending on individual premiums.

The same customers will see their rates increase next year. Policy holders with Blue Advantage will pay 5.37% more, and those with Blue Options HSA for Individuals will pay 2.06% more.

To view CarolinaJournal.tv's full report on the Blue Cross Blue Shield announcement, click on the video.