wave of health insurance premium increases coming soon [View all]
Health insurance premiums to rise soon for many
More than a million California small-business owners and individual policyholders face a wave of health insurance premium increases in the coming months that range from single digits to as high as 20 percent.
Starting Sunday, about 101,000 Anthem Blue Cross small-group customers will see their premiums go up an average of 13.8 percent but as high as 20.5 percent. At the same time, more than 16,000 small businesses covered by Aetna will receive hikes averaging 3.7 percent. While a few will see decreases, others will get hit with increases of more than 20 percent.
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Anthem Blue Cross customer Alison Heath, 56, of San Francisco will get hit with a 19.7 percent increase effective May 1 - her third increase since October 2010, making for a total increase of 66 percent.
"There's a breaking point somewhere," she said. "I keep feeling like we're awfully close to it."
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/30/BUQS1NS6C3.DTL#ixzz1qk2FbdDu
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