POSTED: 3:51 p.m. HST, May 30, 2014
LAST UPDATED: 4:51 p.m. HST, May 30, 2014
The state today approved an 8.9 percent rate increase for Hawaii Medical Service Association's small business customers.
The rate increase will be effective July 1 and will increase the premiums for 110,000 consumers and 8,500 small businesses.
Approximately 5 percent of the 2014 rate increase is for medical costs and 4 percent for federal Affordable Care Act fees, the state said.