Recently, Montana State Insurance Commissioner Monica Lindeen questioned the reasoning behind BCBS of Montana raising premium rates for its 2014-15 student plan, according to KGVO.com. Through a settlement, the insurer agreed to lower the premium increase and refund the students.
Most of the students received checks of approximately $170. “I think that was probably a nice surprise, I’m hoping, after those students got those checks in the mail,” said Commissioner Lindeen, according to the report.
More articles on payer issues:
Study: Covered California helps control premiums
WellCare gets profit boost from Medicare enrollees
The sad state of trust in healthcare
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.