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Bill would let CA reject health insurance hikes
San Francisco Chronicle

A bill to give California regulators the power to reject excessive increases in health insurance premiums passed a key test Wednesday when it was approved by the Senate Health Committee.

The bill requires insurers to receive approval from regulators before imposing a rate increase. Officials with the California Department of Managed Health Care and the Department of Insurance could reject the increase if they find the request to be “excessive, inadequate or unfairly discriminatory.”