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Health Insurers Will Implement New Rescission Standards in May
HC Pro

Health insurers, feeling pressure from Congress and the Department of Health and Human Services (HHS), said late Wednesday that they will accelerate by almost five months implementation of the provision of the healthcare reform law that stops the practice of rescission.

Karen Ignagni, CEO and president of America’s Health Insurance Plans (AHIP), announced in letters to HHS and Congress that its member plans are “committed to implementing the new standard in May 2010 to ensure that individuals and families will have greater peace of mind when purchasing coverage on their own,” according to published reports. The initial rescission provision was to go into effect Sept. 23.