The rate hikes are the highest in over a decade

Nearly 175,000 Rhode Islanders who are covered by commercial insurance plans will see their premiums rise by double digits

The premiums, which are the highest in over a decade, range from 17.6% for the small group market to 19.3% for the large group market and 21% in the individual market

Rhode Island’s Office of the Health Insurance Commissioner (OHIC) announced Monday, Sept. 15 it has approved rate hikes to commercial insurance premiums.

The premiums approved by OHIC are the highest in over a decade, according to Health Insurance Commissioner Cory King. They range from 17.6% for the small group market to 19.3% for the large group market and 21% for the individual market.

The rate increases are lower than what insurers originally req

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