News Headlines Article

HHS cites Pa. insurer’s premium hike as ‘excessive’
Modern Healthcare

The Obama administration’s first review of an insurer’s planned rate changes resulted in it condemning a coming rate increase by a Pennsylvania plan. HHS announced Monday that its review of a 12% rate increase planned for the small business plan of Everence Insurance of Pennsylvania is “excessive.” The authority to review annual health insurance rate increases over 10% was granted to HHS by the Patient Protection and Affordable Care Act.