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HMSA to raise premiums by 8.9 percent for small businesses

By Star-Advertiser Staff

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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