MO HB2075

Requires health carriers to file all health insurance premium rates and risk classifications with the Missouri Department of Insurance before delivering, issuing, continuing, or renewing health benefit plans effective July 1, 2015.

Establishes a 30-day waiting period after rate filing before health carriers can use the new premium rates.

Defines premium rate increases of 10 percent or more as meeting the "premium rate change threshold" and requires carriers to submit detailed justification including medical cost trends, utilization changes, administrative costs, medical loss ratio, executive compensation of top five officers, and an actuarial certification.

Requires the Department of Insurance to determine whether filed rates are excessive, inadequate, unfairly discriminatory, or unjustified, and post determinations publicly on the department website; allows carriers to appeal determinations.

Makes filed premium rates and supporting nonproprietary information public records available on the department website within 10 business days, with a minimum 20-day public comment period, and classifies violations as level two violations under state law.