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California Health Insurers Raising Rates For Small Businesses

“Some California health insurers are proposing to raise small-business rates more than 10% next month, drawing scrutiny from state regulators.”

Aetna Inc., which drew the ire of state insurance officials for a rate hike earlier this year, wants to increase premiums 10% on average, and as high as 24% for some employers. Anthem Blue Cross, the state’s largest for-profit insurer and a unit of WellPoint Inc., has proposed boosting rates 13%. Blue Shield of California is looking to charge some small employers up to 6% more.”

Byron Tucker, a spokesman for the state Department of Insurance, said the agency is having discussions with the three companies about whether the proposed rate hikes are too high…

Click here to continue reading and learn about how California health insurers are proposing to raise small-business rates more than 10% next month on LATimes.com

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