MONTPELIER — The two insurers offering health care plans on the state exchange have submitted proposals to raise premiums by more than 8 percent for 2017.
Blue Cross Blue Shield of Vermont and MVP Health Care submitted their requests to the Green Mountain Care Board, the state’s health care regulatory body, on Wednesday. BCBS is seeking an average increase of 8.2 percent, while MVP has asked for an average increase of 8.8 percent.
Requested rate increases for individual health care plans offered by BCBS range from 5.2 percent to 10.9 percent. Individual plan increases requested by MVP range from 3.5 percent to 13.5 percent.
“I’m not happy with 8 percent and I don’t think folks are going to be happy with 8 percent. That’s not our goal as state. We’re going to have to really dive into it,” said Al Gobeille, chairman of the Green Mountain Care Board.