I read this story today: "The Obama administration is asking Anthem Blue Cross to justify its plans to raise health insurance premiums..." "Health and Human Services Secretary Kathleen Sebelius sent a letter to the company's president on Monday calling the planned increases extraordinary and difficult to understand. She wrote that the company has an obligation to provided a detailed justification for the rate hikes to the public." I thought that health insurers were state regulated and regulated by the NAIC--not the Secretary of Health and Human Services. Anthem is in California if that makes a difference.
--------------------
Rates are filed in each STATE, not federally, except for Medicare. The obvious conclusion is, that the Obama administration has no idea how health insurance companies work.
Source
No comments:
Post a Comment