ANNAPOLIS, MD - In response to the filings posted by the Maryland Insurance Administration, which show rates carriers have proposed for plans to be offered on the Maryland Health Connection, the state-based health insurance marketplace to be operated by the Maryland Health Benefit Exchange beginning October 1, 2013, Carolyn Quattrocki, Director of the Governor’s Office of Health Care Reform, issued the following statement:
“The proposed rates made public today are just that – proposed. The Commissioner, under her expansive authority to review and modify rates, will now undertake a thorough and comprehensive scrutiny of the carriers’ requests. We must await the outcome of that process, during which the Commissioner and her staff will conduct actuarial analyses, test assumptions and projections, and work with carriers to arrive at appropriate rates. It is premature to reach any judgment or conclusion based on the rates as proposed. In the meantime, we are pleased that the filings confirm there will be robust participation in the Maryland Health Connection.”
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Perfect reason showing how incompetent and ignorant it is to have lay people run a health care system! To put out an arbitrary rate without any research of costs of doing business shows the genius of a tree. "Here's what we're going to charge; We'll let you know later if we're collecting too much money." RRIIIIIIIGHT!
Have any of these folks ever heard of a business plan?
What an idiot! of course there is robust participation. It will be cheaper to pay the fine than for a business to provide employees with insurance. Not to mention all the illegals that will be covered. These folks don't have a clue!!
You thought health care is expensive now, wait till this idiot figures out what she is doing. Your current costs are going to skyrocket.
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