Georgia Insurance Commissioner Ralph Hudgens has notified state insurers of the change, which will be implemented next month. The new requirement applies to individual and small group plans.
While the change does not guarantee that premium increases will slow down, it will improve transparency around rate increases. Georgia insurers have frequently increased premiums by more than 10 percent in recent years for individuals, with Blue Cross Blue Shield of Georgia announcing hikes of more than 20 percent.
Read the Health Leaders Media report on Georgia insurers.
Related Articles on Coding, Billing and Collections:
Surgery Center Coding Guidance: Vertebral Corpectomy Procedures
Rhode Island Insurance Commissioner Slashes Rate Increase Requests From Insurers
California High Risk Patients to See Premium Rates Fall Up to 24%
