New York State
Insurance Department


ISSUED: 11/18/99

FOR IMMEDIATE RELEASE



DEPARTMENT TO HOLD TWO PUBLIC HEARINGS ON EMPIRE
BLUE CROSS AND BLUE SHIELD HEALTHNET’S
PROPOSED RATE INCREASE

              The New York State Insurance Department has scheduled two public hearings November 29th in Albany and December 3rd in New York City to consider an application for subscriber rate changes by Empire Blue Cross and Blue Shield Healthnet.

              The hearings will be held on the following dates and times:

November 29th in Albany
Legislative Office Building
Hearing Room B
Empire State Plaza
Albany, NY
TIME: 11:00 AM
December 3rd in New York City
New York State Insurance Department
Hearing Room 510, 5th Floor
25 Beaver Street
New York, NY
TIME: 10:00 AM
 

COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Prescription Drug Riders

WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED: 69.1%

MEMBERSHIP AFFECTED: 159,100 members

PROPOSED EFFECTIVE DATE: January 1, 2000

            Health Maintenance Organizations (HMOs) are not permitted to change subscribed rates more than 10% without the prior approval of the Insurance Department.

           As an aid to the public, the Plan is making available a summary of facts supporting its application available to the public. A copy may be obtained from the Plan’s office or from the Insurance Department.

           A copy of the complete subscriber rate increase application may be examined at the Plan’s offices at: One World Trade Center, New York, NY 10048; 11 Corporate Woods Boulevard, Albany; 63 Washington Street, Poughkeepsie; 157 Deer Park Avenue, Babylon and at the offices of the Insurance Department:

 

New York Office
Health Bureau
25 Beaver Street, 2nd Floor
New York, NY 10004
(By Appointment Only)
(212) 480-5242
Albany Office
Agency Building One
Empire State Plaza
Albany, NY 12257
(By Appointment Only)
(518) 474-4567

 

           Those wishing to speak at the Albany hearing should notify Deborah Greer at (518) 474-4567 at the Insurance Department’s Albany Office.

          Those wishing to speak at the New York City hearing should notify Ellen Wenz at (212) 480-5262 at the Insurance Department’s New York City Office.

          Those unable to attend any of the hearings may submit written statements for inclusion in the official record to the Public Affairs & Research Bureau at the Insurance Department’s New York City address.

COUNTIES AFFECTED:

Albany Region: Orange, Sullivan, Ulster, Albany, Clinton, Columbia, Delaware, Essex, Fulton, Greene, Montgomery, Saratoga, Schoharie, Rensselaer, Schenectady, Warren and Washington.

New York City Region: Manhattan, Brooklyn, Bronx, Queens, Richmond, Nassau, Suffolk, Westchester, Rockland, Dutchess and Putnam.

 


News HOME