Thursday, March 7, 2013

State Officials Criticize Health Insurance Rate Hikes

California Insurance Commissioner Steve Jones today called out Blue Shield for a 20% rate hike he called "unreasonable." Earlier this week, a separate California regulator criticized Blue Shield for another rate hike. Commissioner Jones called for support for a 2014 ballot initiative that would give his office the power to stop some rate hikes, similar to the power the Commissioner has over auto and other forms of insurance. Pacifica's Dan Fritz reports from Los Angeles.