Public Hearing on Proposed 12.7% BCBS Rate Hike
July 20, 2017 - 9:00am
Blue Cross Blue Shield (BCBS) of Vermont is requesting a 12.7% average rate hike for next year's Vermont Health Connect plans - an increase which would raise healthcare premiums for over 70,000 people in Vermont who have BCBS plans.
This is the most that the company has requested since Vermont Health Connect started in 2014, and follows year-on-year increases that have made health insurance unaffordable for thousands of Vermont residents. Meanwhile, BCBS's CEO Don George earns over $635,000 a year in salary + bonuses, alongside eight VPs who also earn six-figure salaries.