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New reviews of health insurance rate hikes in California due soon
Los Angeles Times

The results of new investigations into health insurer rate hikes are heading to the desk of California Insurance Commissioner Steve Poizner in the coming week.

A state consultant who found errors in Anthem Blue Cross’ rate filings is expected to deliver his findings on two of its competitors, Aetna Inc. and Blue Shield of California.

The consultant, actuary David Axene, is trying to determine whether the insurers spend at least 70 cents of every dollar they collect in premiums on medical claims, as required by state law.