Blue Cross Blue Shield of Vermont asked state regulators to disregard arguments from a public advocate that include public comments and statistics on wage growth.
The insurance company has requested a total of $15.4 million over the past three years.
Data entered manually, as it had long been done at the exchange, could contain errors, or the requested change could get miscommunicated, an advocate said, resulting in an even longer process.
The proposal would require pharmacy benefits managers to report an aggregate dollar amount they pocket for all claims to health insurers.
Exchange defects could cost Shumlin politically, state fiscally
Instead of losing revenue when they bill for less services, doctors and hospitals will have the opportunity to share in savings if they reduce the amount of services it takes to keep a population healthy.
Tuesday’s announcement is a tacit acknowledgement by Vermont Health Connect that the small business option won’t be ready in time to sign up small businesses that still need 2014 coverage.
Insurance firm says Catamount claims exceed premiums by $3 million since Jan. 1. The Green Mountain Care Board public hearing is on July 9.
The current legislation is considered a consumer protection bill but there is strong physician opposition to insurers requiring them to get prior permission for treatment of some medical issues or use of some drugs
The public records show that the CEO of MVP earned a total $1,250,000; the CEO of Blue Cross was paid $587,184. Cigna failed to file reports.
The Green Mountain Care Board (GMCB) yesterday ruled on its first health insurance rate increase request, consistent with its responsibilities under Act 48 of the 2011 legislative session.
A handful of midwives found insurance companies were not covering their services, even after legislation went into effect in October.