By Zack Kaldveer
Consumer Federation of California

As California families continue to reel from the most severe economic downturn since the Great Depression, health insurance premium rates have soared by 153% since 2002, nearly five times the rate of inflation.

Businesses are finding it difficult to pay for these rate hikes, and pass the increased costs on to workers. Business owners and employees are forced to ab­sorb these rising costs or search for less expensive – and less comprehensive – coverage options.

This injustice isn’t so hard to comprehend considering only four insurance companies control 71% of the California market – setting premiums behind closed doors and without accountability.

read more

By Zack Kaldveer
Consumer Federation of California

As California families continue to reel from the most severe economic downturn since the Great Depression, health insurance premium rates have soared by 153% since 2002, nearly five times the rate of inflation.

Businesses are finding it difficult to pay for these rate hikes, and pass the increased costs on to workers. Business owners and employees are forced to ab­sorb these rising costs or search for less expensive – and less comprehensive – coverage options.

This injustice isn’t so hard to comprehend considering only four insurance companies control 71% of the California market – setting premiums behind closed doors and without accountability.

read more