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California Regulators Will Audit Health Insurers’ Rate Hikes

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Aired 6/16/10

State regulators say they want an independent review of any future rate hikes by California's largest health insurers. The announcement comes after auditors found Anthem Blue Cross's recent rate request violated state law.

— State regulators say they want an independent review of any future rate hikes by California's largest health insurers. The announcement comes after auditors found Anthem Blue Cross's recent rate request violated state law.

The independent reviews will affect health insurers that sell policies on California's individual market.

State law requires insurers to spend 70 cents of every premium dollar on medical care. Regulators say they'll audit companies to make sure that threshold is reached.

Shana Alex Lavarreda is with the UCLA Center for Health Policy Research.

"Previously, the insurance commissioner had just accepted insurance companies' numbers and then approved them. And now I think with the higher scrutiny on rate increases, I think it's a good thing that we're holding these insurance companies accountable to the law."

Two-and-a-half million Californians have individual health insurance policies.

Comments

Avatar for user 'omarionjo'

omarionjo | June 17, 2010 at 2:12 a.m. ― 3 years, 10 months ago

Health care (transformation) is one of the best issues this current administration has done thus far. With this change individuals will have the opportunity to seek professional and quality health care services. Who would want to return to the days of the horse and buggy, b/w tv sets, manual typewriters, pac man, you get the point? That's about how old the health care system was in the USA. Each day the news is filled with social tragedies in which lives are taken at the hands of known acquaintences and/or family members. Our society is stricken with the institutions of white collar crime permeating throughout this great nation and greed which tends to strike at the very fabric of our country. If you are looking for affordable health insurance check out http://bit.ly/9sfoMb . I hope everyone will soon recognize and use the resources made by this transformation to seek professional medical attention as the need arises rather than turning to illegal and criminal activities to resolve their issues.

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