LA Times: Health premiums soared, Insurance Commissioner Dave Jones says
Posted by laaac on August 1, 2014 · Leave a Comment
The cost of health insurance for individuals skyrocketed this year in California, with some paying almost twice what they did last year, the state’s insurance commissioner said.
But Insurance Commissioner Dave Jones predicted that insurers will ease up in the coming year to prevent California voters from approving tough new rate controls on the November statewide ballot as Proposition 45.
Insurers and opponents of Proposition 45 dismissed Jones’ comments as misleading and politically motivated.
At a news conference Tuesday, Jones said individuals this year paid between 22% and 88% more for individual health insurance policies than they did last year, depending on age, gender, type of policy and where they lived.
The increases did not affect poor people, whose policies are heavily subsidized, Jones said. The study results released Tuesday did not include group policies such as those offered by employers.
Jones said he authorized the study of health insurance rates after receiving numerous complaints about rising costs.
Continue reading here: http://www.latimes.com/business/la-fi-insurance-rates-20140730-story.html
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