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IL Seeks Grant to Monitor Insurance Premiums
CHICAGO (AP) -- The Illinois Department of Insurance has announced a plan for beefing up its review of health insurance premium increases.

The department is applying for a $1 million federal grant to collect and analyze health insurance premium hikes in Illinois.

The grant money would come from the new national health overhaul law. The state application must be approved by federal officials. If approved, the grant money may be available next month.

Michael McRaith directs the Illinois insurance department. He says the grant would give regulators more opportunities to protect Illinois families and employers from "abusive premium increases."

The insurance department says some health plan rate increases exceed national averages and rates of medical inflation.

Online:
www.insurance.illinois.gov/HIRIC

(Copyright 2010 by The Associated Press. All Rights Reserved.)
07 13 10 by Newsroom
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