Call Majority Leader Sampson and your State Senator TODAY and tell them you support the reinstatement of “prior approval”– or the Government’s authority to review rate insurance hikes BEFORE they go into effect.
- Senator Sampson’s number is (518) 455-2788.
- Call the Senate Switchboard at (518) 455-2800 to be connected to your Senator.
This weekend, the Governor announced he would include prior approval of insurance rate hikes as part of the State budget extenders that are being voted on TODAY.
While the prior approval process does not have public hearings included, it would require insurance companies to:
- Spend at least 82% of every premium dollar on medical costs for the individual and small group markets.
- Post notices of proposed rate increases on the State Department of Insurance (SDOI) website.
HCFANY supports the reinstatement of prior approval authority to the SDOI. New York consumers desperately need protections from skyrocketing premiums. Read more about our position here.