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News Story
Posted by Mark Reback
Two tiny health insurance companies are exiting Florida's individual market because of Democrats' health law, the state's insurance department announced Thursday in an effort to bolster its request for a waiver. Florida has asked for a waiver from the medical loss ratio requirement that says insurers must spend at least 80 percent...
News Story
Posted by Mark Reback
Under a new federal rule, firms must post details on their websites of increases exceeding 10%. WASHINGTON -- Health insurers will have to start publicly justifying big rate hikes, according to a new requirement of the federal healthcare law that is meant to put pressure on insurance companies to hold down skyrocketing premiums. The new rule,...
News Release
Posted by Carmen Balber
Washington, DC – In a U.S. Senate Health committee hearing today examining the rapid pace of health insurance premium increases, a federal regulator told senators that the rate review provisions of the federal health care law are a powerful consumer protection tool, but that the authority to reject unjustified rates provides consumers...