Specifically, the Health Secretary and services have the opportunity to review and block premium increases by private insurers. According to The New York Times , the bill would also create the Autorité des health insurance rates. The board would be composed of health industry experts that defines the annual parameters of "reasonable rate increases that are based on market conditions."
Critics of this bill will surely emphasize that every state already has an insurance department that regulates insurance rates. According to the laws of each state, most have the ability to approve or reject rate increase requests made by health insurance companies. In addition, insurance commissioners are to be appointed by the state governor or elected to the office to run the service.
This bill would give the federal government the power to override the decisions of state services.
On the other hand, proponents of the bill will argue that the controversial rate increases often approved by state departments.
But really, this new law would effectively get rid of these state services and the almost absolute power on hand assured the federal government. You do not sound like something that will be too well received.
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