BlueCross BlueShield of Tennessee Might Raise Rates

BlueCross BlueShield of TennesseeTennessee’s biggest health insurer has proposed raising premiums next year by an average of more than 36 percent.
The Chattanooga Times Free-Press reports BlueCross BlueShield of Tennessee lost $141 million during its first year of offering individual health plans through the federal Affordable Care Act.
The insurer says it initially underestimated the number and cost of the medical claims filed by new enrollees.
Last year, the insurer enrolled nearly two-thirds of the 231,000 Tennesseans who signed up for health insurance exchange plans.
The deadline for state regulators to make a decision about the proposed rate hikes is August 25th. If approved, average individual rates would rise to more than 60 percent above their 2014 levels.