Rockefeller on Health Insurance Industry Practices
Mar 27 2009
PRESS RELEASE — SENATOR JAY ROCKEFELLER.
WASHINGTON, DC – Senator John (Jay) Rockefeller, Chairman of the Senate Committee on Commerce, Science, and Transportation, held a full committee hearing this week entitled, “Deceptive Health Insurance Industry Practices – Are Consumers Getting What They Paid For?”
A recent investigation conducted by the Attorney General of New York concluded that for a number of years, the insurance industry has systematically under-estimated the out-of-network reimbursement rates it pays its policy holders, costing consumers billions of dollars in excessive out-of-pocket costs. The victims of this deceptive practice – more than 100 million Americans who pay for health insurance coverage that allows them to go outside of their provider network for medical care.