health care

R.I. one of two states with no ‘overcharging’

Posted 7/2/12

CRANSTON – Rhode Island was found to be one of two states – the other was New Mexico – where the commercial insurers’ rates were found to be not excessive compared to their actual performance, in 2011, according to the Center for Commercial Insurance Information of the U.S. Department of Health and Human Services.

Under the “80/20 rule,” if an insurer’s medical costs in 2011 were less than 80 percent of the premiums they collected, the premiums were consider to be excessive and consumers were entitled to rebates, according to the R.I Office of the Health Insurance Commissioner. In some states, consumers were overcharged by as much $807 per consumer, according to the agency.

“The information from Centr for Commercial Insurance Information is further proof that insurance rate oversight in Rhode Island is appropriate and working for Rhode Islanders,” said R.I. Health Insurance Commissioner Christopher F. Koller. “Health insurance is expensive, and we are working to make it more affordable. Thanks to comprehensive rate review, health insurance consumers in Rhode Island don’t have to overpay their insurers and then wait for a rebate check after the fact.”

Information about the “80/20 calculation” can be found at

PBN Hosted

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News