News Headlines Article

Health plan rate hikes lowered on Calif. small group policies
Employee Benefit News

As California goes, so goes the nation, according to an old axiom. But will optimism about relief from pending health insurance rate hikes for tens of thousands of small businesses in the Golden State spill into other states or be buoyed by the Patient Protection and Affordable Care Act (PPACA)?

The answer isn’t so cut and dried. California State Insurance Commissioner Dave Jones recently announced that small businesses across the state will collectively begin saving $48 million after three insurers agreed to reduce pending rate hikes slated to take effect July 1 for groups with fewer than 50 employees.