By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    healthy hobbies
    The Importance of Hobbies for Our Health
    September 15, 2024
    Whiplash
    Understanding Whiplash: A Guide For Healthcare Practitioners
    January 22, 2025
    research chemicals and health care
    Chemical Research Drive Medical Breakthroughs
    June 14, 2023
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Hospitals and Providers Using NHIN (Nationwide Health Information Network)
    March 11, 2012
    Image
    Physicians With High Productivity And Satisfaction Scores Employ Strong Patient-Centered Communication Skills
    May 7, 2013
    My Solution to the Healthcare Crisis
    March 31, 2012
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Healthcare.Gov Lets Consumers Monitor Health Insurance Rates
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Healthcare.Gov Lets Consumers Monitor Health Insurance Rates
Policy & Law

Healthcare.Gov Lets Consumers Monitor Health Insurance Rates

BarbaraDuck
BarbaraDuck
Share
4 Min Read
SHARE

As you may or may not know, as of September 1st carriers wanting more than a image10% raise are now required to substantiate why.  This means they just pull out the old business analytics software and create some algo

As you may or may not know, as of September 1st carriers wanting more than a image10% raise are now required to substantiate why.  This means they just pull out the old business analytics software and create some algorithms that can deeply dig into actual reporting numbers and through a series of queries, figure out how to present their case. 

Sometimes the government has been successful in the battle with questioning their methodologies and numbers but sometimes it gets difficult for the government as the series of numbers, analytics used is difficult to interpret.  Along with this Secretary Sebelius better get some algo folks on board to use some big data and double check these folks as it won’t get done and verified any other way.  She’s got the right idea here but now let’s see her back it up with some digital teeth.   I looked up California and being the website data just came into play it shows that since September1, 2011 that no insurers have proposed increases over 10%, but we only have a little over one month’s time here so as time moves forward perhaps this will become useful to track them as they are filed. 

It’s getting more difficult all the time to regulate an industry that puts the government IT infrastructure to shame in calculating and querying abilities…and their algorithms that giveith and taketh away.  BD 

More Read

Pharmaceutical Research in Obesity
The Human Side of the Sequestration
Dictionary of ElderCare Terminology Available
Want the Young and Invincible to Buy Into Obamacare? Answer These 3 Questions
4 Essential PPE Items for Home Care Workers

That information was mostly unavailable before, said Steve Larsen, the Department of Health and Human Services deputy director for oversight. Only a few states include rate raises on their websites. Now, however, all insurance companies must file that information with HHS because of last year’s health care law.

The site’s address is http://companyprofiles.healthcare.gov/.

“We are taking a good, hard look at why insurance companies are seeking to raise your rates, why your premiums might be going up, and making sure these decisions are public and justified,” HHS Secretary Kathleen Sebelius said in a statement. “This is just a start, and over time we will be reporting more of these requests.”

The new site will also include a section where consumers can comment about rate increases.

If HHS provides “consumers a better idea of the rate increases in a system with a lot of costs, that’s good,” said Susan Voss, president of the National Association of Insurance Commissioners. Consumers, she said, should recognize that some increases are justified, and an increase is just one factor to consider when deciding whether to buy or keep a policy.

http://www.usatoday.com/money/perfi/insurance/story/2011-10-07/health-insurance-rate-hike-website/50682044/1

 

TAGGED:health insurance
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025
engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025

You Might also Like

Health careTechnology

How Technology Solutions Are Shaping The Future Of Home Healthcare

October 30, 2018

Telemonitoring at Work in the Netherlands

November 25, 2013

Elective Coronary Stenting: A Case in Context

August 3, 2011
Health careSpecialtiesWellness

Health Risks Associated With Substance Abuse To Know About

March 20, 2019
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?