Thursday Morning Read: Medica seeks 56.7 percent rate hike, Corbett calls to abolish regents, Bret Michaels to headline casino rally

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TODAY’S WEATHER — Cooler, turning partly cloudy late. High 79, low 59.

MEDICA SEEKS 56.7 PERCENT RATE HIKE — Medica — the only insurer selling statewide plans on the state’s individual market — filed rates Wednesday with the Iowa Insurance Division, asking for an increase of 56.7 percent. The Minnesota-based insurance company said the move was necessary “due to lack of certainty over the funding of cost-sharing reductions.” The insurer originally asked for a rate increase of 43.5 percent. Read more:

CORBETT CALLS TO ABOLISH REGENTS — Days after Iowa’s public universities unveiled proposals to raise tuition by as much as 41 percent in five years, GOP gubernatorial candidate Ron Corbett slammed the suggested hikes Wednesday and said he wants to do away with the Board of Regents and its staff. In its place, Corbett — in his final term as Cedar Rapids mayor — suggested creating boards of trustees to oversee each of the universities. The regents, he said, have become “just another layer of government.” Read more:

BRET MICHAELS TO HEADLINE CASINO RALLY — Former Poison frontman Bret Michaels is slated to headline a rally and concert for Cedar Crossing, a casino proposed for downtown Cedar Rapids, days before state gambling regulators visit for a public hearing about three proposals next month. Read more:

IOWA MEN’S BASKETBALL SCHEDULE BREAKDOWN — Wednesday was schedule-release day for basketball across the Big Ten, with conference slates being announced and the 2017-18 season taking shape. With four weekend home games in the Big Ten schedule — three on a Saturday — and a trio of one-day gaps between games, the Hawkeyes’ schedule has some advantages and disadvantages. Read more:

QUOTABLE“Mount Mercy, when it came in, made some amazing improvements to the site. Our understanding is when they moved dirt and moved things around, it may have upset what was there.” Sandy Pumphrey, a Cedar Rapids flood mitigation engineer, regarding runoff issues related to Mount Mercy’s athletic complex construction project

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