Assembly Committee Considers Bill to Reject Medical Insurance Rate Hikes

A Southern California lawmaker is trying to line up support in the state legislature for a bill to crack down on excessive rate hikes for medical insurance plans. This year, Blue Shield proposed hiking medical premiums for individual policyholders by as much as 59 percent. Last year, Anthem Blue Cross proposed similar rate increases for some medical plans. In the face of public protest, both insurance companies delayed the increases.

 

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