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Post by Logan on Jun 26, 2016 7:46:58 GMT -6
Insurer lawsuit accuses Green Mountain Care Board of overreachA health insurance company is suing the Green Mountain Care Board for telling the company it could not raise prices on one plan by an average of 27.4 percent and questioning whether the company can afford to operate the plan in Vermont. MVP Health Insurance Co. is suing on behalf of Agriservices, a farming association that pays MVP to administer a health plan. The lawsuit in front of the Vermont Supreme Court says the Legislature has given the board too much power and that the board then overstepped that power when it didn’t allow MVP to increase the plan prices. A health insurance company is suing the Green Mountain Care Board for telling the company it could not raise prices on one plan by an average of 27.4 percent and questioning whether the company can afford to operate the plan in Vermont. MVP Health Insurance Co. is suing on behalf of Agriservices, a farming association that pays MVP to administer a health plan. The lawsuit in front of the Vermont Supreme Court says the Legislature has given the board too much power and that the board then overstepped that power when it didn’t allow MVP to increase the plan prices. Read more: vtdigger.org/2016/06/22/insurer-lawsuit-accuses-green-mountain-care-board-of-overreach/
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