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Math Errors Torpedo California Health Insurance Rate Increases

The state of California has been a battleground for health insurers recently. First, WellPoint was heavily criticized for proposed small group and individual health insurance increases of over 30%. The highest premium jumps were later withdrawn after the insurance commissioner found mathematical errors. (Smaller increases were eventually approved.)

Now, it looks like history is repeating itself. Aetna had asked for increases that averaged nearly 20% for its California health insurance customers. It has withdrawn its request upon discovering a “human error” in its calculations.

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