News Headlines Article

Despite Oversight, Some Consumers’ Health Rates to Rise Over 20%
Becker's Hospital Review

Although the healthcare law stipulates health insurance rate hikes of 10 percent or more must be reviewed by state regulators, many insurers’ requests for double-digit premium increases are being granted for 2013, according to a report by The New York Times. The largest planned increases are aimed at individuals and small businesses. Blue Shield of California averaged a 12 percent rate hike for such plans, with some as high as 20 percent, despite cash reserves three times larger than required by law.