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CMS to conduct insurance rate reviews for 10 states beginning Sept. 1
Healthcare Finance News

The Centers for Medicare & Medicaid Services released a report this week showing that 10 states lack sufficient authority under current law to review and reject excessive health insurance rate increases as required under the Affordable Care Act. Beginning Sept. 1 CMS will begin review of all rate hikes in excess of 10 percent for these states.

The Department of Health and Human Services announced the new regulation – which covers only individual and small group policies – in May and set the threshold for review at 10 percent and will be in effect for one year.