Washington Department of Insurance
National Association of Insurance Commisioner’s
Health Insurance Rates News Release: 1/17/2005
Category: Health Insurance Rate Enforcement
Washington, DC – A federal judge today ruled in favor of the
National Association of Insurance Commisioners and its efforts to recoup more than $100 million for health insurance consumers nation wide, an amount which the agency contends that a select few insurance companies may have overcharged health insurance consumers by inflating
Washington health insurance prices and
Washington health insurance
quotes.
The federal judicial panel and courts actions allows the NAIC to help reduce
Washington health insurance
rates. The objective of NAIC staff throughout this action has been to provide health insurance rate relief for health insurance consumer policyholders who have been charged excessive health insurance rates.
NAIC staff, using authority granted by the federal judicial panel’s decision, ordered health insurance companies to reduce its health owners rates by 12 percent in September 2004.
Washington health insurance companies appealed the reduction in district court, claiming that the they had been denied due process in ordering the rate reduction.
“NAIC staff’s latest action, based on a different law was designed to address the court’s concerns regarding due process,” said NAIC’s Deputy Commissioner for Policy. “Despite the insurance companies objections, the courts have allowed the debate based on the facts to move forward. In the end we believe the facts will show that their rates can be reduced.”
NAIC staff contends that health insurance companies have been overcharging its policyholders since June 11, 2003, the effective date of Senate Bill 14. NAIC is seeking a refund of the excessive premium plus 10 percent interest. The total amount will be calculated from June 11, 2003, to present.
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Washington Facts: Lewis and Clark explored the Columbia River region and coastal areas for the U.S. in 1805–1806. Rival American and British settlers and conflicting territorial claims threatened war in the early 1840s. However, in 1846 the Oregon Treaty set the boundary at the 49th parallel and war was averted. Washington is a leading lumber producer. Its rugged surface is rich in stands of Douglas fir, hemlock, ponderosa and white pine, spruce, larch, and cedar. The state holds first place in apples, lentils, dry edible peas, hops, pears, red raspberries, spearmint oil, and sweet cherries, and ranks high in apricots, asparagus, grapes, peppermint oil, and potatoes. Livestock and livestock products make important contributions to total farm revenue and the commercial fishing catch of salmon, halibut, and bottom fish makes a significant contribution to the state's economy.
Manufacturing industries in Washington include aircraft and missiles, shipbuilding and other transportation equipment, lumber, food processing, metals and metal products, chemicals, and machinery. Washington has over 1,000 dams, including the Grand Coulee, built for a variety of purposes including irrigation, power, flood control, and water storage. Its abundance of electrical power makes Washington one of the nation's major producers of refined aluminum. Among the major points of interest: Mt. Rainier, Olympic, and North Cascades National Parks. Mount St. Helens, a peak in the Cascade Range, erupted in May 1980. Also of interest are Whitman Mission and Fort Vancouver National Historic Sites; and the Pacific Science Center and the Space Needle, in Seattle. Evergreen State Origin of name: In honor of George Washington.
The ten largest cities in the state of Washington are: Seattle, Spokane, Tacoma, Vancouver, Bellevue, Everett, Federal Way, Kent, Yakima, and Bellingham.
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