Insurance Rate Hike | featured news

But the Department of Managed Health Care says it can't stop the state's largest for-profit insurer from raising rates for 120,000 customers an average of 16%.A California regulator for the first time has declared a health insurance rate increase "unreasonable" but acknowledged that it can do nothing to stop the state's largest for-profit insurer from going ahead with it.

California health insurer Anthem Blue Cross is withdrawing rate increases of as much as 39% for thousands of California policyholders after state insurance regulators rejected the proposals, officials announced Thursday.

The proposal would give the Health and Human Services secretary power to block premium increases that were deemed excessive, an official says.

President Obama's new healthcare overhaul plan would give the federal government greater authority to stop rate increases imposed by health insurers, an administration official said late Sunday.

Health insurer Anthem Blue Cross will postpone its much-criticized plan to raise rates for some California residents who buy ...