News Headlines Article
California’s Fight to Stop Health Insurance Price Gouging and the Single Payer Solution
California Progress Report
May 2, 2012
As California families continue to reel from the most severe economic downturn since the Great Depression, health insurance premium rates have soared by 153% since 2002, nearly five times the rate of inflation.
Businesses are finding it difficult to pay for these rate hikes, and pass the increased costs on to workers. Business owners and employees are forced to absorb these rising costs or search for less expensive – and less comprehensive – coverage options.
