Aetna Inc. has agreed to increase rates for 94,000 California small group plan enrollees just 1.1%, rather than 4%.
Aetna, Hartford (NYSE:AET), will apply the rates to policyholders in the plans who renew their coverage in July, August or September, according to officials at the California Department of Insurance.
The original 4% increase was part of a quarterly rate filing that took effect July 1.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
