A new level of insurance regulators in New York State has begun to audit increases in health insurance rates.
This comes as part of a state plan to make health insurance more accessible, transparent and to strengthen reviews of premiums for the public. The process will include on-site audits of state health plans, data about claims, insurer administrative costs, premiums and claims reserves.
This comes as part of a state plan to make health insurance more accessible, transparent and to strengthen reviews of premiums for the public. The process will include on-site audits of state health plans, data about claims, insurer administrative costs, premiums and claims reserves.
Some, however, say that this is a mirror image of the work the The New York State Department of Financial Services already does in the same sphere.
Source: Medindia
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