Senate Approves Bill To Limit Health Insurers’ Rate Hikes
On Monday, the Senate voted 21-13 to approve a bill (AB 2042) that would prohibit California health insurers from increasing rates more than once a year. The bill would apply only to individual health care policies. The bill now goes to the Assembly for consideration.
- "Calif. Bill Would Limit Rate Hikes to Once a Year" (AP/San Jose Mercury News, 8/23).