Posted November, 16 2011 by arianne
As promised, New York’s Department of Financial Services (DOFS) has posted copies of every health insurer’s rate applications on it’s website. This is really a huge step in bringing transparency and accountability to the whole insurance rate review process, and for that we are extremely grateful. The downside (and this is really no surprise)…it ain’t […]
Posted October, 27 2011 by arianne
HCFANY has just received word that Aetna, EmblemHealth, HealthNow, Empire HealthChoice, and Excellus Health Plan have all agreed to release their rate increase support documentation public! This follows the recent decision by UnitedHealthcare – New York’s largest health insurer, agreement to disclose its own information earlier this week. Kudos to Ben Lawsky and the rest of the fine […]
Posted October, 25 2011 by arianne
New York’s Department of Financial Services (DOFS) announced today that UnitedHealthgroup (also known as Oxford here in NY) has agreed to make all of its rate increase support documentation public. Last month, the DOFS decided that rate filing information should be made public to allow consumers and small businesses to understand why their insurer wants to raise rates and to make informed arguments […]
Posted October, 18 2011 by arianne
The buzz continues! There is a decision coming as early as next week from the Department of Financial Services (DOFS) on whether or not to publicly release insurance plan memos with info on why they think they need to raise people’s premiums again this year. The Daily News published a lead editorial on the matter yesterday, making the […]