Californians have recently been targeted by Aetna Health Insurance and a number of other insurance companies who were looking to dramatically increase the rates that individual policyholders pay on their plans.
However, Aetna announced on Friday that their supposed 19% rate increase would not go into effect after all, and would instead be thrown out the window due to a high number of computation errors in their papers submitted to the California Insurance Department.
Approximately 65,000 Californians would have been affected by the rate increase. Luckily for consumers, an independent contractor whom the state hired was able to fish out the mathematical flaws, and promptly reported the errors to state officials.
Aetna Health Insurance spokeswoman Anjanette Coplin said “this was a simple human error,” and that once they sniffed out the snafus, “we informed the California Department of Insurance.”
The policies Californians currently hold with Aetna Health Insurance will continue to be billed at their normal rates. Given recent events, any news of planned rate hikes for Californian insurance providers, including Aetna, will now be posted on the California Insurance Commissioner’s website.
2 Responses to “Aetna Health Insurance Announces Major Rate Decision”
Yeeeeees I’m SURE those “computational errors” were ENTIRELY by accident. Sorry, but being a health care provider for the last ten years makes me a wee bit suspicious of insurance companies.
Great information! I’ve been looking for something like this for a while now. Thanks!