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State regulator slaps Aetna over small-biz rate hike
Sacramento Business Journal

A 19.2 percent rate increase Aetna levied on small business owners in California on April 1 is “unreasonable,” the state’s managed-care regulator said Wednesday. The increase affects about 16,000 employees covered by small employers with renewal dates in the second quarter of 2015. The California Department of Managed Health Care found the increase out of line after review of Aetna’s historic and projected estimates of how much these members use health-care services — and Aetna’s failure to provide the agency with adequate documentation to justify the hike.

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