The Insurance Department today announced that Health Services Medical Corporation of Central New York and North Medical Community Health Plan have been granted their requested average rate increases effective January 1, 1998. The Insurance Department's decisions come after a careful examination of the HMOs' current financial conditions and their projections of revenue and expenses for next year. Testimony at public hearings in Syracuse was also considered. The Department found the HMOs' projections reasonable. North Medical Community Health Plan's rate increase affects 9,960 members in Onondaga and Oswego counties.
Tables listing individual contract rate changes are available upon request.