Iowa Senator Chuck Grassley is taking credit for helping to delay a rate increase from the state’s largest health insurance company, as state regulators review the proposal. Late last month, Grassley sent a letter to the CEO of Wellmark Blue Cross Blue Shield, asking for justification of the rate increases that were being planned.
“I’m glad my letter got more information for consumers on that rate increase,” Grassley says. “It also seems to have gotten the attention of the governor, who now has reversed his own insurance commissioner.” Governor Culver is directing the state insurance commissioner to “stay” the premium increase.
Culver, a Democrat, is calling for a third party, independent actuary to review the matter and determine whether rate increases are justified.
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