delete PART 154—HEALTH INSURANCE ISSUER RATE INCREASES: DISCLOSURE AND REVIEW REQUIREMENTS
Requires health insurance issuers in small group and individual markets to report rate increases to CMS and establishes a process for determining whether rate increases are unreasonable based on factors like excessive premiums, unjustified increases, or unfair discrimination.
Creates bureaucratic overhead that increases compliance costs for insurers, which ultimately get passed to consumers. The complex reporting requirements and CMS review process add administrative burden without clear evidence of protecting consumers from actual harm. Small insurers and new market entrants face disproportionate compliance costs, reducing competition and innovation in health insurance markets.