Until recently, health insurance companies could set rates and Delaware could do nothing to challenge excessive increases. Thanks to a determined effort by Senator Patricia Blevins, that’s changed.
Under legislation Blevins sponsored, health insurance rates are now subject to the same kind of state review as are life, homeowners or car insurance.
The new law gives the Insurance Department 30 days to review requests by health insurance companies to raise their rates. If the commissioner doesn’t think the increases are justified, they can be adjusted.