UnitedHealthcare eyes up to 11% rate hike for small group plans in Arizona

Minnetonka, Minn.-based UnitedHealthcare hopes to increase health plan rates up to 11 percent for some small group policyholders next year, Phoenix Business Journal reports.

The payer filed a rate increase with the Arizona Department of Insurance for its preferred provider organization small group policies. Planned increases range from 6.4 percent to 11 percent, according to the report.

Department officials are reviewing the filing. If approved, the increases would be effective April 2017.  

In a statement to Phoenix Business Journal, UnitedHealthcare said, "The rates that we have proposed simply reflect the use of healthcare services, as well as the cost of that medical care, including physician, hospital, pharmaceutical and diagnostic costs, which are key drivers of healthcare cost increases."  

More articles on payer issues:
The Ohio State University Wexner Medical Center joins Anthem BCBS network
BCBS of Massachusetts to receive $40M in risk adjustment payments
Pennsylvania insurance commissioner launches health plan comparison tool

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