Kaiser Permanente Cuts Some Rates, Offers Premium Credits
Kaiser Permanente has begun to roll back premium rates by 1.2% for small employers with contracts up for renewal between July and December. In addition, Kaiser is distributing $13.7 million in premium credits to members who already began paying higher rates that took effect in July. The insurer did not reach an agreement with the California Department of Managed Health Care on rates until August. Kaiser's decision to reduce rates and provide credits comes in response to increased state authority to more thoroughly examine proposed rate hikes.
- "Kaiser Rolls Back Rates for Some Firms" (Robertson, Sacramento Business Journal, 10/7).