News Headlines Article

A rate hike for the few _ until it’s you
San Francisco Chronicle - Adam Geller, AP National Writer

To critics, a 39 percent hike in health insurance for some Californians foretells skyrocketing rates for the rest of us. Not so, says the company, arguing the increase only hits a relatively small number of people and the economy is to blame. But the rhetoric from both sides distorts the reality. It’s true that hikes like the one by WellPoint Inc. apply only to people who buy individual insurance and are unlikely to spread to the majority of Americans covered through their employers.