California Regulator Criticizes Aetna Rate Increase As ‘Unreasonable’
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A California insurance regulator ruled that an Aetna Inc. health-insurance rate increase was “unreasonable,” in the latest salvo of a long-running debate in the state over the cost of coverage.</p>
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The announcement by California Insurance Commissioner Dave Jones focused on a boost that affects small-group plans and became effective April 1. It was the first time the department has officially used a new ability, granted under a state law that took effect at the beginning of 2011, to call out rates as unreasonable.</p>
