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Fewer Health Insurers Seeking Big Rate Increases

A new report from the U.S. Department of Health and Human Services (HHS) finds that the number of requests from health insurance for double-digit rate hikes dropped roughly 41 percentage points since the end of 2009.
March 8, 2013

A new report from the U.S. Department of Health and Human Services (HHS) finds that the number of requests from health insurance for double-digit rate hikes dropped roughly 41 percentage points since the end of 2009. The data showed that one in three requests last year asked states to okay premium increases of more than 10 percent. In 2010, by contrast, three in four requests sought double-digit increases, according to the report. The 2010 Affordable Care Act requires companies to have premium increase requests of 10 percent or more reviewed by state or federal regulators.

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