ALBANY, N.Y. (AP) — New York's largest health insurance company, UnitedHealth Group Inc., agreed Tuesday to publicly disclose more data used to justify premium increases.
The agreement with UnitedHealth Group is part of a statewide effort by state Financial Services Superintendent Benjamin Lawsky to make rate increase filings public for review by policy holders and consumer advocates. That could result in reducing the number of requested hikes and provide a better chance for consumers to challenge the requests.
Lawsky is now seeking greater disclosure from all companies operating in the state.
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