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Mon September 23, 2013
N.H. To Receive $3 Million To Review Insurance Rate Hikes
New Hampshire is getting a $3 million federal grant to fight unreasonable increases in health insurance rates and to make pricing more transparent.
The grant from the Centers for Medicare and Medicaid Services is part of the federal Affordable Care Act. The goal is to support state efforts to review health insurance rate increases, educate consumers and hold insurance companies accountable.
Under the federal health overhaul law, insurance companies are required to submit for review and justify any proposed health insurance premium rate increase of 10 percent or more.
New Hampshire was among 21 states awarded a total of $67.6 million Monday.