FLASHBACK – Rosendale Opposed Holding Health Insurance Companies Accountable to Montanans and Protect Consumers from Unfair Rate Hikes
Helena – Insurance Commissioner Matt Rosendale is holding a hearing about health insurance rate increases today in Helena. The rate review process is intended to bring more scrutiny and transparency to health insurance rates, making sure increases are based on reasonable cost assumptions and, you know, evidence.
So why did Rosendale try – twice – to kill rate review power for the auditor, even though Montana at the time was one of only three states that did not have a system in place to review insurance rate increases?
Despite consensus that having an Insurance Commissioner review insurance rates can sometimes lead to a decrease in the rates, and is definitely a win for consumer protection, Rosendale supported efforts in 2011 to help kill a proposal to empower the Insurance Commissioner, and in 2013 voted against the bill that became law, giving the Insurance Commissioner the power to review proposed health insurance rate hikes.
At the time of the 2013 vote, Montana was one of only three states that did not have a system in place to review insurance rate increases.
So what reason could Rosendale possibly have to vote against the measure, especially if rate review authority could potentially lower health care costs for Montanans? Maybe the question is easy – he’s not really worried about making sure Montanans have access to affordable care after all.
“It’s dangerous that Rosendale would twice try to kill a consumer protection law that would increase transparency on health insurance rate hikes,” said Chris Meagher, spokesman for the Montana Democratic Party. “If Rosendale was against giving the Insurance Commissioner the power to review insurance rates, how can we trust him to follow through on his job now?”