People are paying more for health insurance in Massachusetts because they are subsidizing residents who bought coverage only when they were sick, according to a new state report.
A group of six health insurers said it is not giving up its fight against Massachusetts insurance regulators, despite a court’s decision to deny them from putting proposed rate increases … Read →
Nearly a week after Massachusetts regulators disapproved 235 of 274 rate increases filed by health insurers citing the rising cost of care, a group of six companies is suing the state for a move it says will “likely cause greater costs and confusion.”
Massachusetts’ governor defended his insurance department for disapproving 235 of 274 rate increases filed by health insurers for small business plans, noting that owners and working families are “drowning in double-digit premium increases.”
As she exits her position as Massachusetts Insurance Commissioner, Nonnie Burnes is drawing praise from an insurance trade group and a free-market think tank for her work to end state-set auto rating for auto insurance.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.