Wednesday, June 15, 2011

Connecticut's New, Ineffective Law Politicizing Premiums

Last week, an overwhelming majority of Connecticut legislators passed a bill, SB-11, that would give the executive branch the power to decide whether health plans should be allowed to increase their premiums at rates that keep pace with medical costs. Health plans may be a politically attractive target, but giving politicians the power to approve premiums causes other problems – and doesn’t even hold down rate increases.

Health plans are largely pass-throughs, paying medical claims from providers whose charges have been rocketing skyward. Read the entire article at Forbes.com: The Apothecary.

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