Health insurer rises should be public: health sec

Secretary of Health and Human Services Kathleen Sebelius walks to a microphone stand to speak to reporters following her meeting with health insurance company executives and related industry officials at the White House in Washington, March 4, 2010. REUTERS/Kevin Lamarque

Secretary of Health and Human Services Kathleen Sebelius walks to a microphone stand to speak to reporters following her meeting with health insurance company executives and related industry officials at the White House in Washington, March 4, 2010.

Credit: Reuters/Kevin Lamarque

WASHINGTON | Mon Mar 8, 2010 11:52am EST

WASHINGTON (Reuters) - U.S. health insurers should post information about rising premiums for certain customers on their company websites to justify rising costs, the U.S. health secretary said in a letter to several insurers on Monday.

Kathleen Sebelius, in letters to top insurers such as Aetna Inc and Wellpoint Inc, called on the companies to make public details about their estimated costs, enrollment changes and other details at a time when rates are increasing as much as 39 percent.

"Post on your websites the justification for any individual or small group rate increases you have implemented or proposed in 2010, and continue to post such a justification in connection with any future increases," she wrote to the companies' chief executive officers.

The heads of Cigna Corp, UnitedHealth Group Inc and privately held Health Care Service Corp also received letters.

Sebelius met with health insurance chief executives last week over premium increases for individuals and small businesses who lack the negotiating power of larger corporations, who provide healthcare coverage for the bulk of the privately insured.

While President Barack Obama's healthcare reform proposals want to increase federal government oversight over health insurance premiums, the U.S. Department of Health and Human Services currently has little power over the industry now regulated on a state-by-state basis.

(Reporting by Susan Heavey, editing by Maureen Bavdek)

Related Quotes and News

Company
Price
Related News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
jeustor wrote:
If there was no money, and we did not charge each other to live, we would have already found the cure to every disease that plagues our society. Why? Because there would be no lack of funding to find the cure. If we didn’t waste so much time on money; earning it, protecting it, spending it, paying bills, etc., we would have the time to dedicate to the more important problems in life….finding the cures we need.

Do you want to know what the solution is to every problem that humanity faces? Eliminate Money and need to charge each other to live. Make human rights the number one priority and make this existence a free one. Let us each work 2 hours a day to make one good product we can all share and make it free to live. Eliminate the need to profit and compete with each other. Eliminate the need to waste my existence making , spending, chasing after and protecting money so I can live. There would be no reason for wars, murders, crime, etc. There would be no crime because there would be no need for it because everything would be free. Just like the heaven we are expecting at death, except we get to enjoy it now instead of when we are DEAD.

http://www.myspace.com/jaychijken

Mar 08, 2010 12:28pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.