Fwd: PA One of 2 States with No Rate Review
---------- Forwarded message ----------
From: "Athena Ford" <aford@...>
Date: Aug 9, 2010 4:44 PM
Subject: PA One of 2 States with No Rate Review
Discusted by health insurance companies that jack up premiums without an explanation? What's stopping them anyway?!
Well, in Pennsylvania it isn't our insurance commissioner. Our Commonwealth is one of only two states in the country that doesn't have a real rate review process.
In 48 other states the insurance commissioner has the power to not only monitor rate increases that insurance companies attach to their policies, but also regulate them. Companies are not permitted to institute an outrageous and unjustified rate increase.
Join PHAN for a call next Tuesday, August 17th at 6:00 PM that will discuss the rate review process in Pennsylvania as compared to the rest of the country. Special guest speaker TBA. RSVP by sending Athena an email at aford@....
Also, on this call hear about the fight in Washington going on right now around Medical Loss Ratio. The MLR is a critical regulation that will make sure insurance companies spend 80% of your premium dollars on actual medical care instead of profits, lobbying, marketing or CEO salaries. Insurance companies are currently using some of this money to try to weaken these provisions - how 'ironic.'
This call is part of PHAN's weekly policy call series on Tuesday evenings at 6:00 PM. Tomorrow night's call is on Seniors and Health Care Reform with Adam Swope of the Alliance for Retired Americans and there is still time to RSVP!