Mass. Reaches Agreement with Yet Another Insurer over Premium Increases

[This article posted on August 18, 2010. It is posted within the following categories: Corporate, Healthcare Policy & The Media, via Michael Douglas, MD, MBA.]

The state of Massachusetts has reached a deal with the fifth of six insurers initially denied rate hikes for coverage in that state. While nowhere near the massive increases sought in other high-profile states, Massachusetts’ most recent settlement involved a company’s requests for hikes in the 10% to 25% range for policyholders. Over 90% of coverage in Mass. has been positively affected by settlement negotiations with those five insurers which includes the individual market and small-business purchasers. The process of rate hike negotiations is just another factor in the long history of closely observed operations in a state which guarantees coverage to all of its citizens. | LINK

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