The U.S. Department of Health and Human Services (HHS) has issued its first rebuke to an insurer under the federal rate review provision of the Affordable Care Act.
HHS says a 12 percent premium increase by Everence Insurance of Pennsylvania on its ShareNet employer group customers is “unreasonably high” and asked the insurer to rescind the hike. HHS says insurers can either reduce their rate hikes or post a justification on their website within 10 days of the rate review determination.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access