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Pennsylvania insurance regulators see their rate review authority expanded with new law

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Written on:December 23, 2011
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Pennsylvania insurance regulators see their rate review authority expanded with new law

The Pennsylvania Insurance Department has had its authority over insurance rates for small employer health care policies expanded this week. On Thursday, Governor Tom Corbett signed Senate Bill 1336 into law, giving regulators the power to adjust the insurance rates in the small group market. For the first time, state insurance regulators will be able to review and disapprove new rate proposals coming from insurers. They will also be able…

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