Federal health officials say Montana has failed to create a system to review health insurance rate increases in the state, and the federal government will therefore take over reviews starting Sept. 1, according to a Missoulian report.
The state auditor and insurance commissioner said she received the news earlier this month. Starting Sept. 1, Montana health insurers will have to file their rate increases with the federal government. If increases are more than 10 percent, the government will review the increases and determine whether they are unreasonable.
The healthcare reform law requires states to put a health insurance rate review process in place or let the federal government step in to set one up.
The state auditor and insurance commissioner asked the 2011 Legislature to approve a bill giving her rate review authority and allowing her office to negotiate with insurers on "unreasonable" rates. The Republican-controlled Legislature voted down the bills.
Read the Missoulian report on Montana health insurance.
Related Articles on Health Insurance:
ASIPP Lobbies on Washington for Ambulatory Surgery Center Bill
ICD-10/5010 Implementation: Are You Ready?
Coding Resource: Tools and Presentations From CMS/AAPC Code-a-Thon
The state auditor and insurance commissioner said she received the news earlier this month. Starting Sept. 1, Montana health insurers will have to file their rate increases with the federal government. If increases are more than 10 percent, the government will review the increases and determine whether they are unreasonable.
The healthcare reform law requires states to put a health insurance rate review process in place or let the federal government step in to set one up.
The state auditor and insurance commissioner asked the 2011 Legislature to approve a bill giving her rate review authority and allowing her office to negotiate with insurers on "unreasonable" rates. The Republican-controlled Legislature voted down the bills.
Read the Missoulian report on Montana health insurance.
Related Articles on Health Insurance:
ASIPP Lobbies on Washington for Ambulatory Surgery Center Bill
ICD-10/5010 Implementation: Are You Ready?
Coding Resource: Tools and Presentations From CMS/AAPC Code-a-Thon