News Headlines Article

California Officials Say Hands Are Tied Over Health Insurance Rate Hikes

California Insurance Commissioner Dave Jones is blasting Anthem Blue Cross for raising rates on small businesses. But other than complaining about it, there’s little state officials can do. When auto or homeowner insurers want to raise premiums, they have to get permission from the California insurance commissioner. The regulator can reject rate increases that are found to be unreasonable.

But California officials can’t block health insurance rate hikes.