R.I. health insurance commissioner OKs modified rate hikes for 2023

PBN Staff

09/21/2022

Healthjpg — THE R.I. OFFICE of the Health Insurance Commissioner Wednesday approved modified rate hikes for 2023 for individual, small and large group plans. The third column shows the approved rate hikes for various insurers in the large-group market. / COURTESY RHODE ISLAND OFFICE OF HEALTH INSURANCE

PROVIDENCE – The R.I. Office of the Health Insurance Commissioner Wednesday approved commercial health insurance rate hikes for 2023 with modifications for individual, small and large group plans. Large group rate increases requested in June ranged from 7% to 13.4%, small group market rate requests ranged from an increase of 9.2% to 12.3%. Individual group…

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