Here is a recent article about the rate review process that was started on September 1st of this year. HHS released a statement stating how this rate review process has helped keep premiums down. However, an industry trade group, America’s Health Insurance Plans (AHIP) states that the rate reviews focus too much on rate increases and not enough on the real issue, rising cost of doing business in the medical industry.
As of the writing of this article, there appears to be at least 8 states this year who have won in getting health insurance companies that were asking for double digit increases to lower their renewals. Kentucky is not one of these states.
There appears to be some validity to HHS promoting the success of these rate reviews. This article doesn’t go into why or how the states that have succeeded in getting double digit rate increases overturned, just that there are more states getting grants from the federal government to assist in these rate reviews.