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Aetna rate hike excessive, California insurance commissioner says
Los Angeles Times

Health insurance giant Aetna Inc. is imposing excessive rate hikes on more than 5,000 small employers, according to California’s insurance commissioner.

Commissioner Dave Jones lashed out Thursday at the third-largest U.S. health insurer for raising premiums as much as 20% on some small businesses starting Jan. 1. The average increase of 10.7% will cost small employers and their workers $23.5 million in excessive premiums, according to the state.

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