The showdown over skyrocketing insurance rates in California got even nastier yesterday. The state's Attorney General's office announced that it has subpoenaed financial documents and launched an investigation into allegations of illegal premium hikes and wrongfully denied claims by seven separate health insurance providers.
The insurance companies under the AG's microscope:
• Anthem Blue Cross
• Aetna Health
• Blue Shield of California
• Cigna
• Health Net
• Kaiser Permanente
• PacifiCare
The state is also putting Anthem's controversial, proposed rate increase.
"We have been looking at these companies for a number of months and are very concerned that some of them are unjustly raising premiums and denying payment of legitimate claims," Attorney General Jerry Brown said about the investigation. "Not only are the rate increases devastating to Californians strapped by the economy, but in some cases, they are possibly illegal."
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