News Headlines Article

Nonprofit Insurers: Reaping Profits at the Expense of the Consumer
The Huffington Post

Nowhere are health insurers working harder to thwart reforms that could save consumers billions of dollars than in California. One measure they are especially determined to kill is a bill that would give state regulators the authority to reject rate increases that were excessive or discriminatory.

The California Assembly passed a bill to do just that earlier this month over the intense opposition of insurers, including the state’s biggest supposedly nonprofit health plans: Blue Shield of California and Kaiser Permanente.

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