WASHINGTON–The Consumer Federation of America said it will release new data next week showing insurers overcharged and shifted costs to consumers to reach record profit and surplus levels in recent years.
In addition, the CFA said its Monday press conference will provide detailed information on the strategies it says insurers have used to shift their costs onto consumers and will make recommendations for state and federal policymakers to limit these practices.
Robert P. Hartwig, president of the Insurance Information Institute, took strong exception to the CFA's assertions.
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