In Denver, a new bill is being pushed by democrats that will require health insurance firms to get approval prior to establishing rate hikes, impose punishments for improper denial of people’s claims, and encourage efficiencies.

The plan, called the Insurance Rate Accountability, Transparency and Equity Act of 2008, has been put forward due to multiple complaints about insurance companies. Currently, they are allowed to increase rates at will and get approval from the Division of Insurance later. Rarely do they receive justice if increases are found to be without claim. So, most of them get away with unjustified hikes in rates and people are none the wiser.