News Headlines Article

California approves proposed Aetna rate hike
San Francisco Chronicle

Aetna Inc. has gotten the green light to raise premiums in California, making it the last of the state’s four major insurers to be cleared for rate hikes by regulators.

The Department of Insurance approved the move Friday, allowing Aetna to raise rates an average of 19 percent for 65,000 policy holders, according to the Los Angeles Times.