Press Release 11/22/99 - Department To Hold Public Hearing On Capital District Physicians' Helth Plan's Proposed Rate Increases

New York State Insurance Department
ISSUED: 11/22/99		FOR IMMEDIATE RELEASE
DEPARTMENT TO HOLD PUBLIC HEARING ON CAPITAL DISTRICT PHYSICIANS’ HEALTH PLAN’S PROPOSED RATE INCREASES The New York State Insurance Department has scheduled a public hearing on December 3^rd in Albany to consider an application for subscriber rate changes by Capital District Physicians’ Health Plan. The hearing will be held on December 3^rd at 11:00 AM at the Plan’s office at 17 Columbia Circle, Albany, NY. COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED: a) NYS Standardized Individual Contracts b) Prescription Drugs c) Medicare Carve-Out Riders with Prescription Drugs WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED: a) 37.9% b) 58.6% c) 35% MEMBERSHIP AFFECTED: 174,000 PROPOSED EFFECTIVE DATE: January 1, 2000 Health Maintenance Organizations (HMOs) are not permitted to change subscribed rates more than 10% without the prior approval of the Insurance Department. As an aid to the public, the Plan is making available to the public a summary of facts supporting its application. A copy may be obtained from the Plan’s office or from the Insurance Department. A copy of the complete subscriber rate increase application may be examined at the Plan’s office at 17 Columbus Circle, Albany, NY 12203, or at the offices of the Insurance Department:
	New York City Office Health Bureau 25 Beaver Street, 2^nd Floor New York, NY 10004-2319 (By Appointment Only) (212) 480-5242		Albany Office Agency Building One Empire State Plaza Albany, NY 12257 (By Appointment Only) (518) 474-4567
Those wishing to speak at the hearing should notify Deborah Greer at (518) 474-4567 at the Insurance Department’s Albany Office. In accordance with the Americans with Disabilities Act, the Insurance Department will provide a reasonable accommodation, such as a sign language interpreter, a qualified reader, etc., at no charge to any covered individual wishing to attend or testify at the hearing when such a request is made at least 7 days before the hearing. Those unable to attend the hearing may submit written statements for inclusion in the official record within 10 days of the hearing date to the Public Affairs Office at the Insurance Department’s New York City Office. COUNTIES AFFECTED: Albany, Columbia, Fulton, Green, Montgomery, Rensselaer, Saratoga, Schenectady, Scholarie, Warren and Washington.