Compare Health Insurance Quotes With New Public Rate Info

Residents in the state of Washington can now see health insurance rate increase requests and all pertaining information thanks to Commissioner Mike Kreidler’s HB1220.  The Business Examiner article “Health insurance rate requests now public” says that individual and small business health plan rates are now available to the Washington public on their government’s insurance website.  Some health insurance companies who put requests in before the July 1 deadline volunteered to make their information public as well.  The rate requests and supporting documents will be available online not long after they have been filed by the insurance companies.

Now that the public has access to the same information as the Insurance Commissioner, they can see for themselves why increasing health care costs are justified.  Commissioner Kreidler had a long battle with insurance companies over this legislation, and wondered what some of the companies may have to hide.  Consumers can now see what is behind rising health care costs when they compare health insurance quotes.  They will be able to see how much of their health costs go to medical claims, administration, and profit.  Whether their benefits will change at all with the health rate increases is more information that will be made public.  Kreidler is confident that this information will greatly benefit the consumers of Washington.

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