Insurance trade groups fear ‘narrow’ medical loss ratio definition
A collection of insurance trade groups have sent comments to the U.S. Department of Health and Human Services expressing concern if the definition of what constitutes a medical cost for insurers is...
View ArticlePa. investigating ‘truly exorbitant’ rate hikes of health insurers
Pennsylvania’s nine largest health insurance companies are going under the microscope of state officials, who will explore the genesis behind “a pattern of controversial rate increases.” Ed Rendell...
View ArticleNew law gives N.Y. regulators power to approve health rate hikes
In what federal officials called “a bold move,” New York Gov. David A. Paterson has signed a series of health insurance reforms into law. David Paterson On June 9, Paterson signed Governor’s Program...
View ArticleHHS wants to force health insurers to justify all rate hikes over 10%
The U.S. Department of Health and Human Services plans to force health insurance companies to justify any rate increases of 10% or more, starting next year. Kathleen Sebelius “The proposed rate review...
View ArticleAnthem, Aetna, PacifiCare agree to delay California premium rate hikes
California’s insurance commissioner says three insurers have agreed to comply with his request that they delay increasing health insurance rates for 60 days past the effective dates for their recent...
View ArticleSadly, crying ‘Uncle’ to Obama was the only option for health insurer
A large California health insurer has caved in to political pressure about its profits, pledging to limit them to 2% of net income. The announcement of Blue Shield of California, one of the state’s...
View ArticleConsumer groups say new health reform rate review rules may lack punch
Federal health reform rules for health insurance rate reviews, which took effect today (Sept. 1), may not be “strict” enough to protect consumers against insurers’ rate hikes, consumer advocacy groups...
View ArticleMaryland’s health plan rate reviews to ensure ‘justified’ increases
New rate review rules, enacted Sept. 1 under the federal health reform, and Maryland’s rate review changes, will “reverse the tide” of rising health insurance premiums, industry and government...
View ArticleSix health insurers agree to open books when seeking N.Y rate hikes
Six health insurance companies have agreed to end the secrecy over their requests for rate increases, according to Benjamin M. Lawsky, superintendent of New York’s new Department of Financial Services....
View ArticleFeinstein, advocates push review of Calif. health insurance rate hikes
Sen. Dianne Feinstein, a San Francisco Democrat, has joined forces with those seeking approval of an initiative that would allow California to regulate health insurance rates. California is one of 17...
View ArticlePublic advisor assigned to promote Calif. rate review intervention
California’s insurance commissioner named a new public advisor to intervene on behalf of consumer groups when insurers’ rate increases and decreases are being scrutinized. Dave Jones Ed Wu, an...
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