Great news-California just approved double digit rate hike for insurers there.
I thought we were in a recession...I thought the cost of doing business might be level...I know most California residents are not seeing double digit increases in their salaries. The rate increases were granted to a spectrum of insurance carriers including the Blues. The current health reform legislation caps administrative costs starting in 2012-seems they are grabbing every dollar they can before things get tight. What is the likelihood any of this will be passed on to direct health care providers?