CT Gets $1 Million to Help Crack Down on Unreasonable Health Insurance Premium Hikes
Connecticut to Receive $1 Million to Make Health Insurance Markets More Consumer-Friendly and Transparent
This Affordable Care Act grant will be used to help improve the oversight of proposed health insurance premium increases, take action against insurers seeking unreasonable rate hikes, and ensure consumers receive value for their premium dollars.
For too long, insurance companies in many States have increased health insurance premiums with little oversight, transparency, or public accountability. Health insurance premiums have doubled on average during the last 10 years, much faster than wages and inflation, putting health coverage out of reach for millions of Americans and business owners. Today, just 26 States and the District of Columbia have the authority to reject a proposed increase that is excessive, lacks justification or otherwise exceeds State standards. Many States that have the authority lack resources to exercise it meaningfully. This lack of authority and resources for States has unfortunately contributed to unjustified premium increases in some States.
“The Affordable Care Act puts in place critical market reforms to improve quality and reduce the cost of health care for employers and individuals. Increased competition, lower insurance overhead, and better risk pooling in health insurance Exchanges in 2014 are expected to reduce premiums in the individual market by anywhere from 14-20 percent according to the Congressional Budget Office,” said Secretary Sebelius. “Between now and then, we will continue to work with States to ensure consumers are receiving value for their premium dollars and to avoid the kind of double digit premium increases seen recently. The State proposals approved today demonstrate the need and desire for new resources and tools to help them protect against unjustifiable premium increases.”
The Affordable Care Act provides States with $250 million in Health Insurance Premium Review Grants over five years to help create a more level playing field by improving how States review proposed health insurance premium increases and holding insurance companies accountable for unjustified premiums increases...... Blah .... Blah .... Blah .... Blah ....
Here Is Where Connecticut Post Writer
FOR IMMEDIATE RELEASE Monday, August 16, 2010
Contact: ASPA Press Office (202) 690-6343
HHS Secretary Kathleen Sebelius today announced grant awards of $46 million to 45 States and the District of Columbia. These Affordable Care Act grants will be used to help improve the oversight of proposed health insurance premium increases, take action against insurers seeking unreasonable rate hikes, and ensure consumers receive value for their premium dollars.
For too long, insurance companies in many States have increased health insurance premiums with little oversight, transparency, or public accountability. Health insurance premiums have doubled on average during the last 10 years, much faster than wages and inflation, putting health coverage out of reach for millions of Americans and business owners. Today, just 26 States and the District of Columbia have the authority to reject a proposed increase that is excessive, lacks justification or otherwise exceeds State standards. Many States that have the authority lack resources to exercise it meaningfully. This lack of authority and resources for States has unfortunately contributed to unjustified premium increases in some States.
“The Affordable Care Act puts in place critical market reforms to improve quality and reduce the cost of health care for employers and individuals. Increased competition, lower insurance overhead, and better risk pooling in health insurance Exchanges in 2014 are expected to reduce premiums in the individual market by anywhere from 14-20 percent according to the Congressional Budget Office,” said Secretary Sebelius. “Between now and then, we will continue to work with States to ensure consumers are receiving value for their premium dollars and to avoid the kind of double digit premium increases seen recently. The State proposals approved today demonstrate the need and desire for new resources and tools to help them protect against unjustifiable premium increases.”
The Affordable Care Act provides States with $250 million in Health Insurance Premium Review Grants over five years to help create a more level playing field by improving how States review proposed health insurance premium increases and holding insurance companies accountable for unjustified premiums increases.... Blah .... Blah .... Blah .... Blah .....
The Only Thing Connecticut Post Political Writer Jonathan
"The Plagiarizing Parrot" Kantrowitz Did Was Change The Headline From ......
To
"
Oh Yeah, And
Jonathan "The Plagiarizing Parrot" Kantrowitz Once Again Forgot To Type ....
Health Human Services Press Release
PLEASE SEE:
08/23/10 How News Gets Reported In The Fourth Congressional District Of Fairfield County Connecticut
08/19/10 Fourth District Congressman Jim Himes And The CT Post Editor Tom Baden Severely Harmed By The Himes / Hearst Newspaper Plagiarism Scandal
08/16/10 An Update On The Jim Himes / Hearst Newspaper Plagiarism Scandal
08/13/10 New Comment From Hearst Newspaper Plagiarizer Jonathan Kantrowitz - Ex Fairfield Democratic Town Committee Chairman Knew Better
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