Florida Blue mistakenly reveals insurance rate increases early

The insurer complained that its proposed rate increases were published too soon, worried that the mistake may have tipped its hand too early to competitors

Insurance News

By Lyle Adriano

Insurer Florida Blue commented that its proposed rate increases for next year were revealed too soon on healthcare.gov.

"It was a little weird, I saw 2017 rate increases for one of Florida’s biggest health insurers and then I didn’t," said Charles Elmore Palm Beach Post. "These were rate increases as high as 11.6 (percent) and as low as 5.2 (percent) for four plans from BCBS. I asked the company about them and they said hmmm, we’ll get back to you. Then the rates disappeared from the website."

Elmore was later informed that the numbers were released too soon and that they might not be final. The company maintained that their competitors were not supposed to see its rates.

The rates are set to be properly revealed this week.
 

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