VIDEO: CNMI Braces for Steep Hike in Health Insurance Premiums Next Year

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Saipan – The CNMI government extended its health insurance contract with Aenta for one month, albeit with a 40-percent increase in premiums.


The Saipan Tribune reports that Aetna’s contract was supposed to expire on Dec. 31, but this has been extended to Jan. 31. Without this contract extension, more than 2,000 individuals would be left without health insurance until the government signs a new agreement with another firm.

 

Weeks back, Gov. Eloy Inos said health insurance premiums for government employees and retirees could go up by 30 percent to 45 percent as early as Jan. 1, 2014, because of rising costs of healthcare. There might also be possible impacts from the Affordable Care Act or Obamacare on health insurance premiums in the CNMI.

Aetna did not bid on a government request for proposals for health insurance coverage, while StayWell has withdrawn from consideration which left Calvo’s SelectCare in the running for the government contract.