Monday, June 7, 2010

HHS announces $51 million in grants to improve insurance rate reviews

The U.S. Department of Health and Human Services today announced that it's making $51 million in grants available to states as part of a new $250 million program "to create and strengthen insurance rate review processes."

From HHS' press release:
“This is an important step in putting consumers back in control of their health care,” said (HHS) Secretary (Kathleen) Sebelius. “These new grants will help states protect consumers and small employers by holding insurers accountable for unreasonable insurance rate increases that have made coverage unaffordable for many American families."
Here in Washington state, the insurance commissioner's office has some rate review authority already, and it can make a significant difference. In Washington personal auto insurance from 2000 through 2008, for example, the rates we approved were a total of $217 million lower than what the insurers had originally requested. For homeowners' coverage, the savings over the same period was nearly $37 million.

Job opening: We're looking for an investigations manager in our Tumwater office

The Washington state insurance commissioner's office is looking for an investigations manager to oversee the investigation staff in our legal affairs division. They investigate insurance companies, insurance agents and brokers, and (increasingly, it seems) unlicensed "insurers" offering products illegally.

The job includes day-to-day oversight of the unit, prioritizing resources and caseload and monitoring trends to pro-actively protect consumers. The requirements include at least 10 years experience as an investigator or equivalent, (although some of that time can be substituted with college-level coursework in a related field).

Pay is $80,000 to $85,000, depending on experience.

For many more details, including a job application, please see this job announcement. The application period closes June 21st.
Also, if you want to learn of any future openings as soon as we post them, you can sign up for our jobs RSS feed, which is located here.