Premium Increases
In March 2010, HMSA planned to raise premiums by 7.8% to small businesses, and 15.1% for clients under its large business plan, "Health Plan Hawaii Plus". The increase request was deemed necessary to cover rising healthcare costs.
HMSA premiums have gradually increased, in line with the rest of the nation. Despite Hawaii's increased health care costs compared to the rest of the nation, HMSA premiums have historically been and continue to be among the lowest in the nation
Read more about this topic: Hawaii Medical Service Association
Famous quotes containing the words premium and/or increases:
“In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, woman’s premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, “until death doth part.””
—Emma Goldman (1869–1940)
“Population, when unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio. A slight acquaintance with numbers will show the immensity of the first power in comparison of the second.”
—Thomas Robert Malthus (1766–1834)