Health insurers have been asking for and implementing lower premium increases since the reform law's governmental rate review provision took effect, according to a new report from the U.S. Department of Health & Human Services.
Anthem Blue Cross and the California insurance commissioner have been sparring publicly over the insurer's request to raise premiums, which the state has deemed "unreasonable."
The New York insurance department has slashed insurers' premium rate requests so much that it will save consumers $500 million this year.
In 2011, rate increases that went into effect were about 20 percent lower than the rates insurers requested, according to a new Kaiser Family Foundation study.
Although Regence Blue Cross Blue Shield of Oregon initially requested a 9.6 percent rate hike, the state insurance division lowered the allowed increase to 8.9 percent, reported The Oregonian .
The California insurance commissioner ruled that Aetna Life Insurance's 8 percent premium rate increase was "unreasonable" but was unable to prevent the insurer from implementing the...
Health insurance companies in nine states have proposed rate hikes--some as high as 24 percent--that are "excessive" and should be blocked, according to the U.S. Department of Health & Human
Insurers operating in New York likely will face scrutiny after the state announced new audits that will question the underlying data and actuarial assumptions used to justify rate hikes. The audits,
Massachusetts health insurers can increase premiums by an average of 2.3 percent, the smallest hikes in the state during the past 10 years. As a healthcare reform leader, Massachusetts could be
Health insurers in New York don't want the reasons behind their rate increase requests to be made public, claiming they're "trade secrets." Now that consumers can view health plans' proposals to