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PA DOI Holds Public Hearing on Health Insurance Rate Requests

Pennsylvania Insurance Commissioner Teresa Miller held a public informational hearing on July 27 in Harrisburg to address proposed rate requests for 2017 individual health insurance plans available through the federal marketplace...
August 2, 2016

Pennsylvania Insurance Commissioner Teresa Miller held a public informational hearing on July 27 in Harrisburg to address proposed rate requests for 2017 individual health insurance plans available through the federal marketplace.

“The cost of health insurance and the impact these costs have on consumers is something my department takes very seriously when reviewing requests for rate increases,” said Miller. “However, cost is not the only measure of impact on consumers. As Insurance Commissioner, I am also charged with ensuring this market is sustainable and that Pennsylvania’s consumers continue to have choices when they seek health insurance coverage.”

Commissioner Miller said that many companies are seeing higher spending on medical care than they originally anticipated, resulting in losses on these products. These losses are causing insurers to leave markets around the country, a trend the Insurance Department is trying to prevent in Pennsylvania to maintain the competitive market and ensure consumers continue to have options for their health insurance.