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HHS invites insurers to meeting on premium hikes

HHS invites insurers to meeting on premium hikes
February 25, 2010

Health and Human Services Secretary Kathleen Sebelius today invited insurance company leaders to a March 3 meeting at HHS to discuss their companies' insurance premiums. Invited were the CEOs of UnitedHealth Group Inc., WellPoint Inc., Aetna Inc., Health Care Service Corp. and CIGNA HealthCare Inc., as well as leaders from the National Association of Insurance Commissioners. "In recent weeks, we have learned of premium increases of nearly 40% in one state and we know significant premium increases are not isolated incidents," Sebelius said in a letter to the CEOs. "I am concerned about these increases, which make it harder for people to access the health care they need, and eager to hear the justification for these increases and steps we can take to create a more stable system that keeps premium costs down for all Americans."