Feds To Take Over Premium Rate Review In 10 States

The Hill’s Julian Pecquet reports that federal regulators will review health insurance rate increases in the 10 states that “failed to meet effective rate review mechanisms” under authority granted by the healthcare reform law.” The “law doesn’t give federal regulators the power to reject rate increases deemed unreasonable. However, health plans will be required to publicly justify and post on their websites any ‘unreasonable’ rate increase.”