A Pennsylvania health insurer is the first to be exposed and criticized on a federal level for charging unreasonably high premiums.
The Department of Health and Human Services announced Monday that Goshen, Pa.-based Everence Insurance requested a rate increase of 11.58 percent on a small-group PPO plan.
Under health reform law, health insurers must submit a written request for a rate increase of 10 percent or more to state or federal regulators. The review of Everence Insurance's rate increase request was the first to be carried out at a federal level.
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