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Aetna’s 21% rate hike amounts to ‘price gouging,’ California regulator says
Los Angeles Times

California’s managed-care regulator slammed health insurance giant Aetna Inc. on Thursday for “price gouging” after it raised rates on small employers by 21%.

This marked the fourth time since 2013 that California officials have found Aetna’s premium increases on small businesses unreasonable.

Aetna, the nation’s third-largest health insurer, is raising rates by 21%, on average, for about 13,000 people covered by small employers. This change in premiums took effect July 1.