Federal regulators step in to take charge of Idaho’s review of insurance rates

A number of private insurance companies in Idaho have submitted rate increase proposals to the state’s Department of Insurance. Normally, the issues would be handled by state regulators, but the federal government will be stepping in to handle the investigation beginning in the fall. This move is inspired by an executive order from Governor C.L. Otter, which has banned the state from adhering to the overarching federal health care law. Otter’s order means that the state is unable to comply with federal regulations regarding insurance rates. Because the state cannot…

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