Health and Fitness

State-Federal Review of Health Insurance Rate Increases Begins, Double-Digit Price Hikes Must Be Justified

Washington, DC–(ENEWSPF)–September 1, 2011. Today, health insurers seeking to increase their rates by 10 percent or more must submit their request to state or federal reviewers to determine whether they are reasonable or not. This rate review program, created by the Affordable Care Act, will bring greater transparency, accountability, and, in many cases, lower costs for families and small business owners who struggle to afford coverage.

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In a growing number of states, regulators now have…

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