Feinstein Seeks To Block Insurance Rate Increases Across The Nation
Sen. Dianne Feinstein (D-Calif.) said Friday that she plans to introduce legislation that would bar insurance companies from enacting health insurance premium rate increases that the Secretary of the Health and Human Services deems to be unjustified.
The bill would create a national Medical Insurance Rate Authority, which would be able to prevent such increases. Feinstein’s announcement follows reports that Anthem Blue Cross had intended to jack up premiums for certain policyholders in California by as much as 39 percent.
A report published Thursday by HHS found that health insurance companies have requested dramatic premium hike increases over the past year in states beyond California — 56 percent in Michigan, 24 percent in Connecticut and 23 percent in Maine.
Original article: Feinstein Seeks To Block Insurance Rate Increases Across The Nation
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