Bloomberg BNA
Rep. Jan Schakowsky (D-Ill.) and Sen. Dianne Feinstein (D-Calif.) March 6 introduced legislation in the House and Senate (H.R. 1019, S. 482) allowing the Department of Health and Human Services to block or change “excessive” health insurance rate increases in states that do not have the ability to do so. The Health Insurance Rate Review Act of 2013 would establish a federal fallback rate review process giving HHS authority to block or modify rate increases “that are excessive, unjustified or unfairly discriminatory when the state insurance commissioner does not have or use the authority to do so,” according to a statement released by Schakowsky.
