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Revisions to Health Care Reform Must Include Rate Freeze, Rate Regulation and States' Rights Provisions, Says Consumer Watchdog
Date:3/8/2010

part of his proposed fixes to the Senate health care bill.

"Insurance companies that have spiked their rates in advance of the passage of health reform must offer families a breather on rates in return for gaining tens of millions of new customers. Given the audacity of health insurance rate increases last year and this year, and with the economy in deep recession, only federal legislation can curb the spiral of unaffordability. A rate freeze is critical to hold prices in check until new consumer protections have time to take effect," said Carmen Balber, Washington Director for Consumer Watchdog.

The group outlined five must-have consumer fixes that will allow the Department of Health and Human Services ("HHS") and the states to protect consumers from insurer abuses including unjustified rate hikes that the President should include in the reconciliation bill to follow House passage of the Senate health care legislation.

1. Freeze health insurance rate increases. Freeze health insurance rates—including premiums, deductibles and copays—at current levels until a state or HHS institutes robust health insurance rate regulation. (See No. 2)


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SOURCE Consumer Watchdog
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