California health insurance rates may soon be on the rise for small businesses

Business Insurance policy

A proposed increase will mean premiums that are over 10 percent higher for smaller firms. Some California health insurance companies have proposed a rate increase for small business plans which will bring the price up by more than 10 percent and could become effective as soon as July or August. This proposal has drawn notable criticism from regulators in the state. Aetna, which has already received the scrutiny of state officials earlier in 2012, is now planning to hike up its premiums by an average of 10 percent, with increases…

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