Kilmartin Calls for Denial of Increase in Insurance Rates

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Monday, May 24, 2010

GoLocalProv News Team

Peter Kilmartin, a Democratic candidate for Attorney General, called on the state health insurance commissioner yesterday to turn down a request by Blue Cross Blue Shield for a double-digit raise in health insurance rates.

“In 2008, Blue Cross & Blue Shield of Rhode Island reported a $44 million profit, and a surplus of $412 million,” Kilmartin said. “Now, after reportedly losing $100 million in 2009, Blue Cross has the audacity to ask for yet another rate increase. We cannot allow companies in the Ocean State, especially those with non-profit status such as Blue Cross, to continually bolster their own bottom line at the expense (of) our hard-working families.”

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