Carrier News

BCBS of TX Announces ‘Affordability Cures’ Initiative to Invest in Lowering Premiums

BCBS of TX announced a multi-year strategy to invest in lowering group market premiums. They are contributing to Affordability Cures, a three-year $1.5 billion endeavor by their parent company HCSC and investing in rate relief in all group market segments—small, mid, and large. Read the official announcement for more details.

Summary of Initiatives

  • Will take a fresh look at new business and renewal rates in the mid-market and large group segments.
  • Effective 7/1/2018, they filed average rate changes ranging from slight reductions to modest increases for small group plans.
  • Preliminary analysis indicates that they may be able to offer relief on individual premiums in 2019 similar to the small group relief (slightly below/above current rates).
  • The $1.5 billion Affordability Cures initiative will focus on innovation, investments, and partnerships to target the root causes of a high-cost health care system. It will focus on five target areas: collaborative care, productive employees, household financial security, healthy communities, and digitally-driven, data-rich actions.



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