Fed meddling in health insurance rates: Wrong & will hurt consumers

posted by
June 13, 2011
Christian Science Monitor
by Lawrence H. Mirel  
Posted in Commentary

"On May 19, the US Department of Health and Human Services (HHS) issued a final regulation requiring that, starting on September 1, 2011, health insurers filing for an 'unreasonable' rate increase (one that exceeds 10 percent) must publicly justify their proposal, so that 'consumers [will] know why they are paying the rates that they are.' The problem is that the federal government has no legal authority to regulate health insurance rates. ... With no regulatory authority at all, HHS is trying to bully or shame health insurers into reducing their rate increases. The whole effort is an incredible exercise in chutzpah." (06/13/11)


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