California Proposition Could Reduce Insurance Rates
In California, thousands of people have signed a petition that would give the California Insurance Commissioner the right to reject health insurance rates that are excessive. Several other states have already given their Insurance Commissioners this authority. A group of insurance companies is completely against this proposal, of course. There has been some ongoing issues with health insurance rates in California. In 2011, Blue Shield decided to raise its customer’s health insurance rates by 59%. The insurer said that the rate increase was necessary because the bad economy was making their costs go up. Obviously, a 59% rate hike was … Continue reading