Posted September, 28 2011 by arianne
The front page of the NY Times this morning mentions HCFANY in its profile of the plight of New Yorkers getting hit below the belt with double-digit health insurance premium rate increases during a continuously depressed job market. Many of you will remember that HCFANY has been raising a stink on this matter for some time now, and recently […]
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 […]
Posted August, 25 2011 by arianne
Did you know that a New Yorker earning minimum wage would have to work an entire year just to earn what Aetna’s CEO earns in just 66 minutes? Did you know that HIP ended last year with $1 billion (yes, that’s billion) in total capital and surplus? You would think that insurance companies reporting these […]
Posted August, 11 2011 by arianne
Yes, kids – for many of us it’s that time of year again! Health insurance companies have been furiously sending notices out informing folks that they once again want to raise the cost of health insurance plans. For some, this means proposed percentage increases well into the double digits! Thankfully, the recently reinstated “prior approval” process in […]