Health insurance rate review

Gov. Schwarzenegger moved on July 7 to implement a major element of the new national healthcare overhaul, seeking a $1-million federal grant to strengthen the state's review of health insurance rates. Much of the money would pay for actuaries to evaluate premium hikes sought by insurers. Schwarzenegger also wants insurance companies' planned increases to be posted on their websites and on the websites of state regulators. Some of Schwarzenegger's proposals require approval by the Legislature, which is considering bills that would give regulators new authority to reject premiums.
Source: LA Times
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