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View Diary: The ACA "train wreck" with my healthcare insurance (202 comments)

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  •  9.3% Oxford Increases CT (1+ / 0-)
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    On August 13, 2013, Oxford Health Plans (CT), Inc. submitted a rate filing for new small group health plans that will provide major medical and prescription drug coverage and will include the Essential Health Benefits as required under the federal Patient Protection and Affordable Care Act (PPACA).... In building the rates for these products, Oxford looked at the cost of medical services and demand for those services in 2012 – factor known as “trend” – and projected they would increase at an annual rate of about 9.3 percent in 2014.

    After an actuarial review, the Department approved the rates on September 9, 2013, determining that they are reasonable to the benefits offered and are neither excessive, inadequate, nor unfairly discriminatory.

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