Seeing higher rates, NYC to put health-insurance contract to bid
EmblemHealth is on notice
Faced with annual health insurance costs of $6.3 billion, New York City is putting its health care contract out to bid, Mayor Michael Bloomberg said Friday.
Bloomberg said the bid has not gone out yet but current health-insurance provider EmblemHealth has already chosen not to seek a rate increase for the next fiscal year.
“It just tells you how grossly overpriced some of these services are,” Bloomberg said on his radio show on WOR. “They’ve raised our rates every year for the last 15 years.”