Proposed Filing Would Drop Rates 6.21%

The Pennsylvania Compensation Rating Bureau has proposed a 6.21% rate decrease in overall average loss costs, effective April 1 for new and renewal policies. The proposed decrease is driven by indemnity and medical loss experience, and House Bill 1846, the rate-maker says in a letter to Insurance Commissioner Teresa D. Miller. Rep. Marguerite Quinn’s 2014 bill set limits on physician dispensing and repackaging of drugs, including limiting drugs to the first seven days following initial treatment and prohibiting the use of repackaged National Drug Code numbers. HB1846 also limited reimb...