Ma court rejects health insurers’ bid to raise premiums
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The challenge arose from a bid by health insurance carriers in Massachusetts several weeks ago to raise their premiums. Boston Insurance commissioner Joseph Murphy called the increases”Severe, Noting that the medical consumer price index an indicator of how much medical goods and services cost projected an essential increase of only 5 percent. outdoor soccer shoes Mister. Murphy dropped 235 of 274 proposed rate hikes. They said they would lose $100 mercurial 11 million devoid of the premium increase, Plus even more in the management costs of having to redesign their plans.
Or the suit, The insurers filed a preliminary injunction to prevent the state from regulating their premium increases until the case is decided. Ear piercings asked for an expedited trial.
Suffolk Superior Court Judge outdoor soccer shoes Stephen Neel denied located to expedite the trial and the injunction. He said that until the health insurance underwriters exhausted all available administrative remedies within the state Department of Insurance, The court had no legislation. Only then could the insurance underwriters move through the normal legal process, He was quoted saying.
He added that he wanted avoid”Treading in the[Insurance policy policy] Commissioner’s sneakers” And revising the regulations briefly until the later court date outdoor soccer shoes.
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