Maryland Health Insurance: Closer Look at Health Plans
Posted Apr 01 2010 6:28pm
According to the article “Maryland Applies Pressure to Health Plans” by Scott Graham on baltimore.bizjournals.com, Maryland’s top officials are looking much closer at the requests of Maryland health insurance companies to increase premiums.
The chair of the House Health and Government Operations Committee, Del. Peter A. Hammen, asked leaders of the Maryland Insurance Administration and the state agency that handles hospital charges to team up and change how health insurance companies rate increase requests are approved.
Hammen believes that the Maryland Health Services Cost Review Commission could offer the insurance administration with important information about the state’s health care industry that could end up resulting in lower health insurance quotes .
This comes partly because of concern that the average health insurance premium increased 27% for an individual and about 36% for families between the years of 2003 and 2008 according to the report by the Commonwealth Fund, and Washington DC foundation focusing on health care issues across the country. This type of increase is severely affecting Maryland residents and hopefully officials can turn this around soon.