The cost of health care for Bermuda’s insurers is set to rise by three percent for the new fiscal year, according to a report released today.The 2010 Actuarial Report for the Bermuda Health Council bases its calculations on the price of a minimum health insurance package, which on April 1 went up by $16.13, to a new Standard Premium Rate of $252.27.The rise has been attributed to a 1.5 percent increase in Bermuda Hospitals Board (BHB) fees, plus a 15 percent increase in overseas medical claims.A cap of three percent has been set on the BHB’s billing to insurers for the fiscal year of 2011.According to Health Council chairwoman Linda Merritt, the review of the Standard Premium Rate helps keep the minimum insurance package appropriately priced and financially sustainable.The report based its calculations on local insurers’ claims for Standard Hospital Benefit in the previous year, as well as projections for the year ahead. It can be read at the web site below.Useful web link: www.bhec.bm