Mass. regulators OK higher insurance premiums

Nearly 700,000 residents in Massachusetts will face an average health insurance premium increase of 10.4% next year, despite regulators reducing proposed rates from insurers. The state rejected a nearly 26% increase from Fallon Health but approved smaller hikes for other insurers, with Blue Cross Blue Shield at 13.2% and Tufts at 7.5%. Health care costs remain a concern, with advocates criticizing the affordability of the rising premiums.

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