From the Bad Timing department, this announcement comes the day after news that core inflation over the last 12 months was 0.9%, the lowest rate since the 1960s.
Rate increases coming July 1 for active contracts:
- Blue Select 18.5%
- Blue Select Plus 18.5%
- Blue Select Basics 18.5%
- Blue Priority HSA 11.0%
- Blue Transitions 18.3%
- Basic and Standard 18.3%
Wellmark hit Iowans with similar "appropriate" rate increases on May 1. I guess Wellmark has to pay for its computer glitches somehow.
No word yet on whether Wellmark will ascribe the increases here, as they did in Iowa, to folks sitting around and eating junk food. Also no word yet on whether Senator John Thune will follow the route of his colleague Senator Grassley and demand that Wellmark justify the rate hikes... or whether he'll just blame Democrats.