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ISSUED: 2/28/2000 FOR IMMEDIATE RELEASE

DEPARTMENT TO HOLD PUBLIC HEARING ON MVP HEALTH PLAN'S PROPOSED RATE INCREASE

The New York State Insurance Department has scheduled a public hearing March 10th in Schenectady to consider an application for subscriber rate changes by MVP Health Plan, Inc.

The hearings will be held on the following date and time:

March 10th in Schenectady
Schenectady County Public Library
Liberty Street
Schenectady, NY
1:00 pm

COMMUNITY-RATED CONTRACTS AND RIDERS AFFECTED:
Pharmacy Riders

WEIGHTED AVERAGE PERCENTAGE CHANGE REQUESTED:
14%

MEMBERSHIP AFFECTED: 225,000 pharmacy benefit members

PROPOSED EFFECTIVE DATE: April 1, 2000

MVP submitted an application for a rate adjustment pursuant to Section 4308 (c), which requires the Superintendent of Insurance to make a determination as to whether the proposed rates should be approved as submitted, or if they should be modified or denied. Section 4308 (c) also requires that a public hearing be held to solicit comments from subscribers.

As an aid to the public, the Plan is making available a summary of facts supporting its application available. 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 offices at: 111 Liberty Street, Schenectady, NY 12305 and at the offices of the Insurance Department:

New York Office
Health Bureau
25 Beaver Street,  2nd Floor
New York, NY 10004
(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 Ellen Wenz at (212) 480-5262 at the Insurance Department’s New York City office.

Those unable to attend any of the hearings may submit written statements for inclusion in the official record to the Public Affairs & Research Bureau at the Insurance Department’s New York City address. In accordance with the Americans with Disabilities Act, the 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 seven days before the hearing.

COUNTIES AFFECTED: Broome, Chenango, Delaware, Herkimer, Lewis, Madison, Oneida, Onondaga, Otsego, Tioga, Ulster, Albany, Columbia, Fulton, Greene, Hamilton, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren, Washington, Dutchess, Orange and Putnam.

 

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