Insurance commissioner slams Aetna's small-business rate hike

California Insurance Commissioner Dave Jones slammed Aetna Thursday for an “unreasonable” quarterly rate hike on small-business owners that brings the annual average increase to more than 27 percent. The hike affects small employers that renew their health insurance policies in the fourth quarter — and an estimated 40,000 employees. Dept. of Insurance actuaries reviewed Aetna’s rate filing and found the average 27.4 percent increase was not based on Aetna’s most recent claims experience.…
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