|By RACHEL LA CORTE, Associated Press|
"We understand that it's becoming harder for individuals to afford the increasing cost of health care,"
If approved by Insurance Commissioner
Last week, Kreidler announced that
Kreidler argued then that the companies were building up a financial cushion that "comes at an expense for people" and noted that the cost of individual health policies in
Kreidler noted Wednesday that even if the
"In fact, Regence could continue to lose
Kreidler said Regence BlueCross BlueShield of
"Any future rate request will face the same thorough scrutiny," Kreidler said.
Kreidler has 60 days to consider
In a statement last week,
Kreidler has been pushing to change state law so the insurance commissioner can take into account the size of insurers' surpluses when considering whether to approve or deny premium rate hikes for individual and small group plans. Eleven states, including
|Copyright:||(c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.|
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