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Old 04-30-2011, 08:19 PM
 
Location: Tennessee/Michigan
29,023 posts, read 50,224,400 times
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But the Department of Managed Health Care says it can't stop the state's largest for-profit insurer from raising rates for 120,000 customers an average of 16%.

A California regulator for the first time has declared a health insurance rate increase "unreasonable" but acknowledged that it can do nothing to stop the state's largest for-profit insurer from going ahead with it.

Anthem Blue Cross rate hike called 'unreasonable' by California regulator - latimes.com
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Old 04-30-2011, 10:45 PM
 
Location: Great State of Texas
86,068 posts, read 76,896,419 times
Reputation: 27652
Then why does he have a job titled "regulator" ?
What does the insurance regulator regulate if it's NOT insurance ?
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