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June 23, 2003 at 08:00 PM
NU Online News Service, June 23, 2003, 12:47 p.m. EDT – Large U.S. employers are getting initial quotes for 2004 health maintenance organization coverage that are an average of 17.7% higher than 2003 rates, according to Hewitt Associates L.L.C., Lincolnshire, Ill.
The same employers reported in mid-2002 that carriers were asking for an average rate increase of 21% for 2003 HMO coverage, Hewitt says.
Negotiations and changes in plan design helped bring the actual average increase in 2003 HMO rates down to 17%, Hewitt reports.
