WXXI AM News

Business Report: Get ready for a possible health insurance price hike

Jun 8, 2020

In the latest WXXI Business Report, a Cornell University expert says the unexpected improvement in national unemployment numbers doesn't reflect the disproportionate impact of the economic downturn on African-Americans.

Get ready to possibly pay more for health insurance, as health insurance companies in New York state have submitted rate hike requests for next year. Excellus, one of the larger, regional companies, has proposed a lower increase than many other insurers in New York.

Plus, J.C. Penney will close dozens of stores around the country soon as part of its restructuring including stores in Canandaigua and Batavia.