California Finds UnitedHealthcare’s 8% Rate Hike Unreasonable

California Insurance Commissioner Dave Jones criticized health insurance giant UnitedHealthcare’s 8 percent average rate hikes through higher premiums and lower benefits for small businesses across the state, according to a report by the Los Angeles Times.

Advertisement

California does not give its insurance commissioner authority to reject a health insurer’s rate increase, only to evaluate whether it is reasonable. UnitedHealth Group said its average annual increase for the small business market is more like 2 percent and among the smallest increases for California health plans.

More Articles on Health Insurance:

D.C. Awards Thrive Health Plan $542M Medicaid Contract
GOP Leader Wants All Federal Workers on Health Insurance Exchange
To Expand or Not to Expand: States’ Medicaid Dilemma and the Private Alternative

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.