Thursday, July 21, 2011

Insurance Premium Rate Issues

Connecticut's Governor, Dannel Malloy, vetoed a bill that would have allowed the Healthcare Advocate or the Attorney General to request a hearing any time an insurer proposed to increase their premiums by 10% or more. This morning, legislative leaders announced that, rather than holding a vote to override that veto, they have worked out a compromise with the Insurance Commissioner to allow up to 4 hearings per year on rate increases of 15% or more if requested by the Healthcare Advocate, Vicki Veltri.

In other news, the Oregon insurance Division rejected Regence Blue Cross Blue Shield's request for a rate hike of 22.1 percent, instead approving a 12.8 percent increase.

These actions taking place in the states demonstrate that we are moving -- albeit slowly -- in the right direction. Jennifer

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