Tuesday, December 21, 2010

10 Percent Health Care Rate Increases Must be Justified

By Jack Simony

The Obama administration will require health insurance companies to justify any rate increase of 10 percent or more next year year, The New York Times reported.

Federal and state officials will determine if those increases are reasonable or not, according to the article.

The increase will “help rein in the kind of excessive and unreasonable rate increases that have made insurance unaffordable for many families," Kathleen Sebelius, the secretary of health and human services said.

-By Jack Simony

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