Friday, March 30, 2012
Many California consumers and small business will see their health insurance premiums rise over the next few months.
California Health insurance premiums are going up again. The state's largest insurers are raising rates over the next few months.
Jamie Court is president of the non-profit group Consumer Watchdog. He said there's just no end in sight.
"Our consumer group got hit with an 18 percent rate hike," Court complained. "We're gonna have to change our plan. This is hitting everybody, but particularly, the individuals who can afford it least, and the small businesses that can afford it least."
A spokesman for Anthem Blue Cross said the rate hikes are needed to cover the costs of recent mandated benefits.
Over the last 10 years, the cost of health insurance has risen much higher than the overall rate of inflation.