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Texas Considers Publicizing Information on Health Insurance Rate Hikes to Consumers

While Texas is reviewing health insurance companies' rate increases of at least 10 percent to determine whether they are justified, as mandated under healthcare reform, the state has not yet publicized information on significant rate hikes to the public, according to an American-Statesman report.

Under the 2010 federal healthcare reform law, the state can review the rate increases but can do nothing to stop the rate from going into effect.

When the review provision took effect five months ago, the Texas Department of Insurance did not create a system to publicize large rate hikes because of the "ambiguity" of the law, according to the report.

Department spokesman John Greeley said in a statement Friday that the agency is developing a process to give consumers information about rate increases.

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