Calif. Regulator Blasts Aetna's Small Biz Rate Hike

Law360, New York (April 6, 2012, 5:20 PM EDT) -- A California agency on Thursday denounced a recent proposed rate hike by Aetna Health Inc. on its small business clients, and called for legislators to give the state insurance commissioner the power to reject “excessive” health insurance rate increases.

The Department of Insurance labeled a 1.8 percent increase to Aetna's small employers “unreasonable” considering other recent hikes and asked the insurer to withdraw the April 1 increase, which the company declined to do. Over the past year, Aetna has raised its rates for small business policyholders...
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