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Bill to Restrict Health Insurance Rate Increases Moves Forward
A state bill that would prohibit health insurers from raising customers’ rates more than once per year took was approved by the Assembly's Health Committee today. “This measure complements the recent federal health reforms by ensuring that health insurers are prohibited from raising their rates multiple times per year. If insurers raise rates when their subscribers aren’t expecting an increase, cash-strapped families could be forced to give up their coverage,” said Mike Feuer, the L.A. Assemblymember who authored the bill, which heads to another committee next. News of rising healthcare insurance costs, most notably Anthem's 39% proposed increased, prompted Feuer to write the bill.
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