Challenging 'Unreasonable' Insurance Hikes

This month, 120,000 Anthem Blue Cross customers begin to brace for their insurance rates to rise an average of 16 percent. The company says an independent actuary found the increases were "not unreasonable or unjustified," even though state regulators are dubbing the hikes unreasonable now. The state's insurance regulators have no authority to block increases simply for being "unreasonable." However, a bill moving through Sacramento would change that.