The Mission Center

Coventry Health Care seeks double-digit price hike for health plans

August 3, 2015 Posted by The Mission Center - No Comments
Coventry Health Care is seeking approval for double-digit premium increases for its 2016 individual health plans, according to rate information made public Monday by the federal government.

Insurance brokers had considered the health plans sold by the Maryland-based insurer to be among the cheapest with the most extensive provider networks available to Missouri consumers.

But Coventry’s strategy appears to have caught up with it, and the insurer is now asking federal regulators to approve an average rate increase of 23 percent for plans sold in the St. Louis area. The proposed hike affects roughly 70,000 consumers in the area. Read more…

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