“I began looking into the practices of the health insurance industry in the last Congress and was deeply disturbed by what we uncovered,” said Chairman Waxman. “As part of our ongoing investigation, we are now looking into the practice of health insurance companies terminating the coverage of small businesses when their employees become ill and their health insurance claims increase. We need to better understand how widespread this harmful and destructive practice has become, and how it is impacting small businesses and their employees across the country.”
“As we continue our investigation into business practices in the health insurance industry, the treatment of small businesses remains a concern,” said Chairman Stupak. “We have documented examples of insurance companies raising small business premiums by an unsustainable amount or canceling a policy once it is discovered a covered employee is sick. Much like rescissions in the individual market, this practice is alarming. To better understand how prevalent this practice is and precisely how many small businesses are impacted, we are asking some of the largest insurers to provide information on their small business policies.”
The committee is requesting information and documents for small group policies, including their renewal rates, factors used to determine premium rates, and the maximum premium rate increases.
As Chairman of the House Oversight and Government Reform Committee, Waxman launched an investigation into the practices of the health insurance industry in 2008. That probe was carried over to the Energy and Commerce Committee this year.
"[DNC Chair Tom Perez] has gotten instructions from Bill Clinton not to let the party go to the Bernie Sanders folks." - Jonathan Allen, co-author of Shattered, revealing new material in the upcoming paperback release pic.twitter.com/dLEnwl7kIc— HootHootBerns 🌹🐦 (@HootHootBerns) May 3, 2018