News Headlines Article

Health Net rate hike gets blessing of Calif. insurance department
American Medical News

Health Net is free to raise its individual rates by an average of 16% in California after the state’s insurance department said the insurer would meet a state-mandated threshold of spending a minimum of 70% of premiums on health care. The new rates will go into effect Oct. 1.

The company was among the plans required to have rates examined by a state-contracted actuary.