A Reform for Health Insurers ; Attorney General's Transparency Plan Sheds Light On Out-of-Network Costs

Summary

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Attorney General Andrew M. Cuomo last week unveiled his latest reform of an industry in need of supervision. This time, following his upending of the college loan scam, he has targeted health insurers.

Specifically, he has picked apart the false system by which insurers calculated out-of-system reimbursement rates and has announced the creation of a new nonprofit company. FAIR Health will work with Syracuse University and others, including the University at Buffalo, to operate a new database and consumer Web site that will bring transparency and credibility to a payment system that few could comprehend and no average user could challenge.

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A Reform for Health Insurers ; Attorney General's Transparency Plan Sheds Light On Out-of-Network Costs

Cuomo announced this plan months ago following an investigation that showed health con...

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