Public Hearing - Health Insurance Premiums

MARTIN O’MALLEY Governor ANTHONY G. BROWN Lt. Governor BETH SAMMIS, Ph.D. Acting Commissioner KAREN STAKEM HORNIG Deputy Commissioner 200 St. Paul Place, Suite 2700, Baltimore, Maryland 21202 Direct Dial: 410-468-2000 Fax: 410-468-2020 1-800-492-6116 TTY: 1-800-735-2258 www.mdinsurance.state.md.us BULLETIN 11-12 Date: May 31, 2011 To: Insurers, Nonprofit Health Service Plans, Health Maintenance Organizations, and other interested parties Re: Public Hearing – Health Insurance Premiums The Maryland Insurance Administration (MIA) will hold a public hearing on Thursday, June 23, 2011 at 10:00 a.m. in the MIA Hearing Room (24th floor of MIA office). Oliver Wyman Actuarial Consulting Inc. (Oliver Wyman), consultant to the MIA, will present its findings and recommendations to the Insurance Commissioner regarding how best to enhance the MIA’s review of health insurance premiums. There will be an opportunity for public comment following the presentation. Oliver Wyman will then present findings and recommendations regarding information provided to consumers about proposed and approved premium rate increases. Public comment on that issue will follow. The two reports issued by Oliver Wyman are available on the Insurance Administration’s website, www.mdinsurance.state.md.us, for the public’s review prior to the hearing. Those who wish to testify at the hearing must register via the website prior to June 20, 2011. Individuals who require special accommodations are asked to contact Karen Barrow, Director of Public Affairs, via email at MIAprocessharing@mdinsurance.state.md.us or call 410-468-2007. Written comments regarding the Oliver Wyman reports will be accepted until June 30, 2011, and may be submitted as follows: Email: MIAprocesshearing@mdinsurance.state.md.us Fax: 410-468-2020 Mail: Karen Barrow, Maryland Insurance Administration, 200 St. Paul Place, Suite 2700, Baltimore MD 21202 Signature on File with Original Beth Sammis Acting Commissioner Maryland Insurance Administration