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Regulators, insurers spar over access to payer contracts in Section 7 discussion
Summary
At an April 25 House Health Care committee meeting, the Department of Financial Regulation said it already has authority to obtain insurers’ contracts while Cigna and other insurers urged restoring confidentiality language in Section 7 to protect competitively sensitive terms.
Members of the House Health Care committee on April 25 discussed Section 7 of a bill that would change who can access health insurers’ contracts and whether confidentiality clauses should be limited.
Mary Black, Director of Insurance Regulation for the Department of Financial Regulation, told the committee the department “already have this authority” to request contracts from regulated entities and does not believe the Section 7 language is needed but “would not object” to restoring struck confidentiality language after hearing from insurers.
Christine Cooney, state government affairs manager for Cigna, said her company supports the bill’s broader goal of addressing rising…
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