The Cheyenne-based insurer covers 24,000 residents in the state, according to the Casper Star Tribune. In addition to its on-exchange individual plan hikes, BCBS of Wyoming requested a 1.94 percent decrease on its on-exchange small group plans and a less than 1 percent decrease on off-exchange small group plans. BCBS of Wyoming also requested a 6.74 percent increase on its off-exchange individual plan.
Freedom Life Insurance, subsidiary of Fort Worth, Texas-based USHEALTH Group, requested a 17.4 percent increase on its off-exchange individual plans.
Last October Wyoming’s health insurance exchange lost its only other participant, Cheyenne-based WINhealth, when it shuttered over financial losses.
Wyoming and six other states — Arkansas, Alabama, Kansas, North Carolina, Oklahoma and South Carolina — will only have one insurer per rating region in all the state’s rating regions next year.
More articles about payer issues:
Blue plans in California accused of exploiting drug prices to artificially boost premiums
Sharpening consumer outreach to expand health plans: Q&A with Phil Fiero, SVP of analytics at Welltok
Cigna taps ‘McDreamy’, other TV physicians for ad campaign
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