Summary
The Department of Insurance (Department) received one written comment in the past five years. It was sent to us in 2017 in response to a biannual update of the conversion factors as is required by Subsection 31A-22-307(2). The comment suggested that the increases that were proposed in the rule did not sufficiently factor in the impact of inflation. The Department disagreed with the comment because the law requires the Department to set the reasonable values at the 75th percentile charge for each type of service in the state's most populous county. The law does not require the Department to consider expected future inflation when setting these values. The Department believes that the process used to set the reasonable values is consistent with statutory requirements.