Monthly health insurance costs are set to rise by double-digit percentages for the second consecutive year, though the sticker shock won’t be quite as sharp as last year.
Commercial insurance rates for 2027, unveiled by Rhode Island Health Insurance Commissioner Cory King on Tuesday, are also lower than what insurers wanted, with King’s office cutting more than $86 million from what companies requested as part of the annual rate review process.
Little comfort to the combined total of 169,000 Rhode Islanders — roughly one-third of the state’s population — whose premiums will increase by 2.9% to 15.8%, depending on insurance plan and provider…