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 […]
Posted October, 12 2011 by arianne
Your insurance company wants more money from you. Why? Because it said so. You wouldn’t understand anyways. Just hand over your wallet and keep your mouth shut and nobody will get hurt. Except, people are getting hurt. They’re being forced to choose between paying exorbitant increases to their health insurance premiums, or putting food on the table. And for what? So many […]
Posted September, 2 2011 by arianne
A new ACA rule went into effect yesterday requiring insurance plans in all states to post explanations for rate hikes over 10% on their website and submit them to state and federal regulators. Here in New York, insurance companies are already required to do this. Further, the NY State Department of Insurance can deny any proposed rate hikes that it feels […]