In a 10-page letter to HHS, the National Association of Insurance Commissioners said its members could not reach consensus on a single definition of an unreasonable rate increase.
NAIC provided 11 options in the letter for flagging “potentially unreasonable” increases, including those that:
- are above a certain percentage;
- exceed the consumer price index by a particular percentage;
- do not appropriately reflect benefit changes;
- cover excessive administrative costs; and
- cover unreasonable or wasteful administrative expenses.
Read Kaiser Health News’ report on health insurance.
Read the NAIC’s letter to HHS (pdf).
