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HMSA to raise premiums by 8.9 percent for small businesses

By Star-Advertiser Staff

POSTED:
LAST UPDATED: 04:51 p.m. HST, May 30, 2014

star-advertiser photosHawaii Medical Service Association finished 2012 with a profit of $36 million while Kaiser Permanente Hawaii ended the year with earnings of $1.7 million.

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.






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jmarie wrote:
Ha ha ha good for you Liberal Hawaii, that's what you get for supporting Emperor Hussein O.
on May 30,2014 | 03:59PM
HD36 wrote:
Inflation takes many forms, and hits the hardest where government is most involved. i.e. college tuition, healthcare and housing.
on May 30,2014 | 04:26PM
airplane_bridge wrote:
"…the average family of 4 will save $2,400 a year…" lol
on May 30,2014 | 06:35PM
ISCREAM wrote:
obamacare strikes again...middle class tax hike through the back door.
on May 30,2014 | 06:59PM
false wrote:
Save insurance companies , big banks, big pharma, monsanto etc.,
on May 30,2014 | 07:53PM
mauiday wrote:
According to this article, the state insurance commissioner approved the 8.9% increase that will affect 110,000 state consumers and 8,500 small businesses. The insurance commissioner's name is Gordon Ito. He is appointed by the Governor. I do not recall any public hearing on this increase that is affecting so many individuals and businesses in the state. A check on the salaries of HMSA executive had the following: compensations for HMSA executives "is not public information and the organization declined to provide annual compensation figures for its officers". An old article in the Advertiser, May 30,2007 listed then CEO Robert Hiam's (Now happily retired and filthy rich.) salary as: $620,000 and bonuses for that year as $497,117. Current HMSA CEO Michael Gold salary back in 2007 was listed as $490,000 and bonuses for that year as $333,318. AGAIN this is back in 2007. The median individual income for the state of Hawaii is: $29,516. The president of the United States of American/the Commander in Chief of the US military makes: $400,000 a year. HMSA is listed as a "non profit". (The HMSA officers are "profiting" big time.) You do the math folks. HMSA's officers getting wealthy on the backs of Hawaii's small business and consumers. Most of which don't make anything even close to some of the bonuses they pay themselves. Is it really Obamacare that is the problem or just the scape goat for the latest increase?
on May 30,2014 | 07:55PM
jmarie wrote:
Oh Maui put down whatever your smoking, I bet you have a clear vision of Emperor Hussein O's new clothes!
on May 30,2014 | 09:50PM
mauiday wrote:
Jmarie. Not smoking anything. Your sliming and inaccurate accusations of me are in keeping with your sliming of the president without any intelligent substance behind your accusations. Just throwing dirt. Plus your using Hussein O instead of addressing the president respectful of his office, seems to indicate that you just a hater with a racist sick twist that likes to scape goat the president. If you have something intelligent to bring up that you have issue with regarding the president's polices, then do so with some clear facts, points and argument. Not just hate.
on May 30,2014 | 10:03PM
soundofreason wrote:
"Approximately 5 percent of the 2014 rate increase is for medical costs and 4 percent for federal Affordable Care Act fees, the state said.">>> So, 4% increase is to make "Affordable " health care more.......affordable? Right. got it.
on May 30,2014 | 08:03PM
inlanikai wrote:
It's the New Math. All part of Common Core.
on May 31,2014 | 01:46AM
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