HHS Aims To Plug Loophole On Health Insurer Rate Hikes

Law360, New York (March 17, 2014, 2:27 PM EDT) -- The U.S. Department of Health and Human Services on Friday proposed new oversight powers for when health insurance companies modify their offerings, aiming to prevent policies from being yanked and quickly reissued to skirt review of rate increases.

In its proposed rule on 2015 insurance market standards, the agency said it hoped to plug a loophole that could prevent federal and state regulators from learning of premium hikes and conducting a review of the increase's justification. Federal reviews are nonbinding, and state review powers vary....
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