News Headlines Article

California must regulate health care premiums
The Mercury News

Health insurance companies know all there is to know about maximizing profits. Anthem Blue Cross and Blue Shield of California both tried to impose rate increases of over 35 percent in the past year, when medical costs rose by just 10 percent. California’s insurance commissioner needs the power to reject excessive health insurance rate increases. The Legislature should pass Assemblyman Mike Feuer’s AB 52 requiring companies to seek approval from the state before raising their health insurance rates, similar to requirements in some 20 other states.