Wednesday, June 14, 2006

Good news, sorta. Not really.

HMO costs to rise only 11.7% nest year (for the shrinking numbers of people lucky enough to still have insurance).

Break out the champagne.

From the Detroit Free Press:

Rate increases for health maintenance organizations are set to decline in 2007 for the fourth consecutive year but still create challenges for employers, according to a report released Tuesday.

Preliminary figures show that HMO rates will jump about 11.7% next year, down from initial estimates of 12.4% in 2006 and 13.7% in 2005, said Hewitt Associates LLC, a consulting firm based in Lincolnshire, Ill

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