News Headlines Article

Sebelius Cautions Insurers on Rate Hikes
Health Leaders Media

In a sternly worded message to health insurers, Health and Human Services Secretary Kathleen Sebelius said last week that the federal government will not “stand idly by as insurers blame their premium hikes and increased profits” on changes related to the new healthcare reform legislation. With the announcement this month by several insurers that they were sharply raising their 2011 premiums in light of anticipated costs under new healthcare reform measures, Sebelius said in a letter to Karen Ignagni, president and CEO of America’s Health Insurance Plans that HHS will be keeping track of those insurers. Those plans—or others that have “a record of unjustified rate increases”—could be excluded from health insurance exchanges when they begin operating in 2014, she said.