Health insurance companies UnitedHealthCare, Blue Cross & Blue Shield of Rhode Island and Tufts Health Plan have all filed for double-digit rate increases for next year.

Blue Cross & Blue Shield of Rhode Island will pay $1.8 million in restitution and a record fine of $325,000 through an agreement with state regulators over how it “misinterpreted” the way health status should be calculated.

With two of the state’s dominant health insurers seeking double-digit rate increases, Rhode Island’s attorney general is urging insurance regulators to hold a public hearing on the matter.

Patrick C. …  Read →