Rhode Island attorney general objects to 2027 health insurance rate increases
Attorney General Peter F. Neronha asked state regulators to reject premium increases sought by Neighborhood Health Plan of Rhode Island and Blue Cross Blue Shield of Rhode Island for plans people buy on their own, his office said.
Rhode Island Attorney General Peter F. Neronha has filed objections to proposed 2027 health insurance premium increases sought by the state's two insurers in the individual market, his office said.
The office said it filed a post-hearing brief opposing a 22% increase requested by Neighborhood Health Plan of Rhode Island and a public comment letter opposing a proposed increase by Blue Cross Blue Shield of Rhode Island. The filings were made with the Office of the Health Insurance Commissioner, the state agency that reviews and approves rates. Together, the requests would affect more than 50,000 Rhode Islanders enrolled in individual plans, according to the attorney general's office.
Under state law, the attorney general represents consumers in insurance rate proceedings, and a public hearing is required when an insurer in the individual market seeks an increase of more than 10%. The office said it presented testimony from a health economist who told regulators that Neighborhood Health Plan's filing did not adequately fund primary care spending obligations required by regulation, and that Blue Cross Blue Shield had not shown it adopted pricing strategies to improve affordability.
The office said Neighborhood Health Plan has sought an increase of more than 20% for a second consecutive year, and that if approved, the benchmark plan used to calculate tax credits would cost more than $7,000 a year. Blue Cross Blue Shield's request follows a 22% increase approved the previous year that the office said contributed to $54 million in additional revenue; its expert estimated the insurer is on track for roughly $50 million in profit from the individual market for 2026.
The office also pointed to the expiration of enhanced federal premium tax credits at the end of 2025, which it said drove up premiums and pushed people off individual coverage. The General Assembly created state-based subsidies for consumers under 200% of the federal poverty level during its 2026 session.
This brief was drafted by AI from a public agency press release and published by The New England Signal. Why we use AI for stories like this one.