A Basic Lack of Understanding Pricing

Competitive Landscape After Insurance Regs.

In light of public outrage over a controversial 21 percent rate hike on 40,000 New Mexicans by Blue Cross and Blue Shield of New Mexico — and revelations the increase may have been based partly on exaggerated losses — the New Mexico Division of Insurance is moving require insurers to submit more information, including rate histories, when filing new rates, according to Division records. State governments across the U.S. are struggling to control health insurance rates in the midst of a recession that has left increasing numbers of Americans unable to pay climbing monthly premiums. The Obama administration is offering states help in beefing up oversight and the division has applied for a $1 million federal grant to overhaul its regulation of health insurance rates. Read more here:

A Basic Lack of Understanding Pricing