News Headlines Article

Watching the health insurers
Los Angeles Times

Over the past year, two major health insurers in California have proposed eye-popping rate increases, only to settle for smaller hikes after a public outcry. Now lawmakers are considering a proposal to let state regulators block rate hikes they consider unreasonable, just as they can do for most other types of insurance. Industry lobbyists argue that premiums are rising not because they’re profiteering, but because healthcare costs are climbing. That’s certainly part of the explanation. But lawmakers should still approve the bill, because it would plug a troubling gap in the healthcare reform effort.