Final Rule: Rate Increase Disclosure & Review: Definitions of “Individual Market” and “Small Group Market"
The rate review final rule was released from the U.S. Department of Health and Human Services (HHS) September 1, 2011. The rule says that individual and small-group health plans sold through associations will be subject to rate reviews. Association plans face less stringent regulations in many states, and consumer advocates warned that the looser rules could undermine health reform’s new consumer protections for the individual and small-group insurance markets.
