Measure would force insurance rate justification - KWWL - Eastern Iowa Breaking News, Weather, Closings

Measure would force insurance rate justification

Posted:

DES MOINES (KWWL) -- Democrats in the Iowa Legislature say they will introduce a measure that would force insurance companies to publicly justify rate increases and be open about factors that might lead to lower rates.

Under the measure, the state's insurance commissioner would file an annual detailed report on health insurance spending.

Des Moines Representative Janet Peterson discussed the measure at a news conference on Thursday, saying lawmakers could begin acting on the plan as early as next week.

This comes just one day after Wellmark Blue Cross Blue Shield announced it will be raising rates by an average of 18 percent.

Powered by Frankly