From the PHILADELPHIA INQUIRER:
The Pennsylvania Insurance Department, concerned that health insurers are raising rates before new federal laws kick in, said Wednesday that it was investigating the state’s nine largest health insurance companies.
The announcement was made by the governor’s office in response to what it declared was a pattern of controversial rate increases.
“This level of increase is not about passing on increases in health spending, which average in the 5 to 10 percent range,” Gov. Rendell said in statement describing premium increases of more than 50 percent for some small businesses…
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