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Thu March 22, 2012
HHS Calls Insurance Rate Hike Requests in Idaho "Excessive"
Health and Human Services says nine states, including Idaho, have companies asking for excessive health insurance rate hikes.
As part of the Patient Protection and Affordable Care Act, the federal department says some rate hikes of more than ten percent are “unreasonable.”
In Idaho, John Alden Life Insurance Company and Time Insurance Company asked for double-digit increases this year.
Health and Human Services says the companies involved should rescind the rate hikes, issue refunds, or explain why they won’t.