by Lakshmi Gopal on  February 17, 2012 at 2:43 AM Health Insurance News
RSS Email Print This Page Comment bookmark

More Health Insurance Audits Launched in New York State
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.

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.

The new exercise aims to investigate the accuracy of the data used by insurers and Health Management Organizations (HMOs) for rate increase requests. It will also help control rising health insurance costs. A private accounting firm will examine rate increase requests that have already been filed. Insurers will be audited randomly - they will not be informed in advance about it.



Source: Medindia

Recommended Reading

U.S Health Insurance Plans Must Cover Contraception
The Obama administration said that health insurance plans must cover contraceptives for women free of charge and that employers and insurers must comply this by August 1st 2012.
READ MORE
Health Insurance Scenario for Washington Employees Bleak, Says Report
'Barely half of Washington employers offer health coverage to full-time employees,' writes John Burbank in heraldnet.com. He says that the health coverage scene is 'dismal' in the state.
READ MORE
US Health Insurance Cos may Become Extinct by 2020, Say Experts
Will health insurance companies in the US fade out completely by 2020? Former advisers to the Obama administration, Emanuel and Liebman opine on the matter in The New York Times.
READ MORE
US Unveils New Rules to Help Citizens Find the Right Health Insurance Plan
The new government-approved format that health insurance companies must provide on their services to Americans, was unveiled on Thursday.
READ MORE
Cholamandalam Health Insurance Policies
Cholamandalam MS General Insurance Company (Chola MS) a joint venture of Murugappa Group & Mitsui Sumitomo Insurance offers a wide range of health insurance policies.
READ MORE
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as protection scheme
READ MORE
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the insured customers.
READ MORE
Health Insurance Plan
With a health insurance policy you and your family can rest assured!
READ MORE
Health Insurance Policies offered by Bajaj Allianz Insurance
Bajaj allianz health insurance policies protect you and your family in case you need expensive medical care covering both pre and post hospitalization expenses.
READ MORE
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, personal protect – accident insurance cover - and health care plus.
READ MORE
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclaim Policy (2007) is introduced.
READ MORE
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convienient insurance for the corporate people when they travel abroad for globalization and business expansion.
READ MORE
Third Party Administrators for Health Insurance
TPA is an IRDA approved healthcare service provider. TPA processes claims for policy holders on behalf of an Insurance Company.
READ MORE

Most Popular on Medindia

Blood - Sugar Chart

Blood - Sugar Chart

Sanatogen

Sanatogen

Hearing Loss Calculator

Hearing Loss Calculator

More News on:

Health Insurance PlanThird Party Administrators for Health InsuranceStar Health and Allied InsuranceHealth Insurance Policies offered by Bajaj Allianz InsuranceICICI Lombard General Insurance Company LimitedHealth InsuranceHealth Insurance - OmbudsmanHealth Insurance - BasicsNew India Assurance PoliciesCholamandalam Health Insurance Policies