The Health Insurance and the Patient Protection and Affordable Care Act of 2010 requires health insurance companies to submit justification for all requested premium increases.

Question

Quizplus · Accepted Answer

This is a provision of the Affordable Care Act, also known as Obamacare. Health insurance companies must submit detailed justifications for any premium increases of 10% or more to the Centers for Medicare and Medicaid Services for review. This is meant to ensure that insurance companies are not arbitrarily raising premiums without a legitimate reason.