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Despite Reform, Some Health Insurance Companies Exploit Small Businesses and Those without Employer-Provided Policies
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Obamacare may be the law of the land, but insurance companies are still getting away with jacking up insurance rates by double digits on certain policyholders. Despite the passage of the federal healthcare reforms, insurers in many states can hike rates by double digits without the federal government doing anything about it. In California, Aetna wants to boost rates by 22%, Anthem Blue Cross by 26% and Blue Shield of California by 20% for some policyholders, mostly those from small businesses and self-employed individuals.