Posted at: 11/02/2009 3:08 PM | WHEC.com
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Excellus Blue Cross Blue Shield raises rates
Rochester’s largest health insurance carrier is hiking rates again.
Excellus Blue Cross Blue Shield is raising premiums an average of 5.7% in 2010. The rate increase varies, depending on which plan you are enrolled in.
Blue Cross Blue Shield says medical advances, such as new drugs on the market and new technologies, improve quality of life, but also come with a price.
Company officials say health care costs continue to increase because the oldest of the baby boom generation are now approaching 64-years-old and need more medical care.
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