Massachuetts has the equivalent of Obamacare as state law. All citizens are required to purchase health insurance. It was supposed to lower rates. It didn’t. The state is in the process of going to the next level in controlling rate increases – they are simply forbidding increases. What could possibly go wrong??
Insurers, state up the ante in health rates dispute - Daily Business Update - The Boston Globe
April 6, 2010 07:08 PM E-mail| |Comments (5)| Text size – +
By Robert Weisman, Globe Staff
The stand-off between Massachusetts regulators and health insurance companies intensified today as most insurers stopped offering new coverage to small businesses and individuals while state officials demanded that the insurers post updated rates online and resume selling such policies by the end of the week.
People seeking to buy health insurance for the first time, or existing customers looking to change policies, found themselves out of luck, at least temporarily, in the aftermath of last week's decision by the state Division of Insurance to reject 235 of 274 premium increases proposed by insurers for what is known as the small group market. The segment covers about 800,000 residents.
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