ATLANTA (AP) — Georgia Insurance Commissioner Ralph Hudgens says some insurance companies have filed plans to increase insurance rates in Georgia by nearly 200 percent for certain people under the Affordable Care Act.
Hudgens says he sent a letter to Kathleen Sebelius Tuesday asking for an emergency 30-day delay of submission of his rate review so the department and federal officials can analyze the projected increases.
Hudgens says companies choosing to offer health insurance to people who don't currently have it claim the potential rate increases are justified. Hudgens tells WSB-TV (http://bit.ly/1bH7BvE) the rate increases could impact up to 25 percent of Georgians — particularly those who are self-employed or own small businesses.
The deadline for states to submit approved rate plans to federal officials is July 31.
Information from: WSB-TV, http://www.wsbtv.com/index.html
Created: Wed, 31 Jul 2013 04:15:12 EST
Updated: Wed, 31 Jul 2013 04:15:12 EST