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CA insurance commissioner Dave Jones critical of Anthem Blue Cross rate hike
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Jan 10, 2013
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CA insurance commissioner Dave Jones critical of Anthem Blue Cross rate hike
Although one goal of President Obama's Affordable Care Act was to rein in the high cost of health insurance, dozens of health plans continue to hike up rates. In California, premiums on insurance coverage rose almost 19%. And although California Insurance Commissioner Dave Jones calls some of the increases unreasonable, he admits that he has no authority to stop them.
The Anthem Blue Cross headquarters is seen after the health insurer began informing its individual policyholders of rate hikes up to 39 percent to take effect at the beginning of March, on February 9, 2010 in Woodland Hills, California. Anthem Blue Cross, which has the highest number of individual customers in California, raised rates by as much as 68 percent in 2009. Health insurance companies in California can legally raise their rates at any time by as much and as they want.
The Anthem Blue Cross headquarters is seen after the health insurer began informing its individual policyholders of rate hikes up to 39 percent to take effect at the beginning of March, on February 9, 2010 in Woodland Hills, California. Anthem Blue Cross, which has the highest number of individual customers in California, raised rates by as much as 68 percent in 2009. Health insurance companies in California can legally raise their rates at any time by as much and as they want.
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David McNew/Getty Images
)

Although one goal of President Obama's Affordable Care Act was to rein in the high cost of health insurance, dozens of health plans continue to hike up rates. In California, premiums on insurance coverage rose almost 19%. And although California Insurance Commissioner Dave Jones calls some of the increases unreasonable, he admits that he has no authority to stop them.

Thousands of small businesses may have to spend more on healthcare this year. Anthem Blue Cross says companies with fewer than 50 employees will see their premiums increase by an average of 6 percent in 2013. 

In some cases it could be much higher, as much as 17 percent. Anthem says the higher premiums are necessary to cover rising medical costs

But Dave Jones, the state insurance commissioner, isn't so sure.