Vermont's Green Mountain Care Board approves lower rate increases for MVP, Blue Cross Blue Shield

MONTPELIER — State health care regulators have approved rate increases far less than what Vermont's major insurers requested.

The Green Mountain Care Board announced Friday that it approved an individual market rate increase for Blue Cross Blue Shield of Vermont at 9.6%. The company had requested an individual market rate increase of 23.5%. Its request for a small group rate increase of 13.5% was approved at 4.4%.