Undernews: Health insurance company raises rates 30% in two years

Orange County Register - Connecticut-based Aetna Life Insurance Co. has raised its health insurance premiums on small employers with 73,000 members an average 30.3 percent over two years, which the California Department of Insurance called ?unreasonable.?

The latest increase effective April 1 is an average 8 percent annually with a 30.3 percent hike over 24 months for small employers with Aetna?s PPO health insurance policies.

The department found that Aetna made projections about medical cost increases higher than the U.S. Bureau of Labor?s medical cost inflation index and unsupported by Aetna?s actual claims experience.

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