In North Carolina, Blue Cross Blue Shield has asked to increase the monthly premiums of its health insurance plans by an average of 7 percent.
However, the rate hikes aren’t across the board. Some of the 300,000 individual health insurance customers in the state may actually end up saving money through cheaper rates, while a handful of others will experience severe premium jumps of 40 or 50 percent.
The insurer blames rising medical costs for the increase, and says that it would have been even higher without the limitations imposed by healthcare reform. It remains to be seen if the state will approve their proposal.