HMO rate increases expected to offset costs
Several Colorado health-care plans are trying to recoup their losses from the first half of this year by increasing premiums in 1998 and taking other steps to offset rising prescription drug costs and medical care.
Neil Westergaard, spokesman for HMO Colorado, the managed-care plan operated by
Blue Cross Blue Shield, said the company hasn’t reported its nine months financials yet, but there
have been no significant changes since it lost $4.5 million in the first six months of 1997,
“The underlying factors that caused…
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