Calif. Insurance Commissioner Calls Aetna’s 10.7% Rate Hike for Small Business Plans ‘Unreasonable’
On Thursday, California Insurance Commissioner Dave Jones (D) called Aetna's premium increase for small business health plans "unreasonable." He said the new rate proposed by Aetna would increase premiums by 10.7% for about 65,000 small businesses in the state beginning on Jan. 1, 2015. Jones' office can review rate filings, but it does not have the authority to reject them. Meanwhile, California Department of Managed Health Care Director Shelley Rouillard also criticized the rate hike.
- "Insurance Commissioner Calls Aetna's Small-Business Rate Hike 'Unreasonable'" (Robertson, Sacramento Business Journal, 12/18/14).
- "Aetna Rate Hike Excessive, California Insurance Commissioner Says" (Terhune, Los Angeles Times, 12/18/14).
- "Aetna Charging Small Businesses Too Much, California Commissioner Says" (Cadelago, "Capitol Alert," Sacramento Bee, 12/18/14).