News Headlines Article

Health insurers: Mass. illegally denied rate hike
San Francisco Chronicle

Leading Massachusetts health insurers and state regulators squared off in court Thursday in their dispute about acceptable health insurance premiums for a pivotal sector of the local economy: small-business owners.

The insurers argued the state’s decision last week to reject nearly all of their proposed 2010 premium increases will cause “destabilizing” losses for them. The state said the insurers fundamentally misunderstand both the rate rejection and the way to resolve their dispute.