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Released: September 06, 2011
Insurers’ rate quote practice unfair
Source: David Lazarus, L.A.Times (Free Registration)
Let’s say your barber is increasing the cost of haircuts. Is it fair for other barbers to require that you disclose how much you were being asked to pay before they say how much they’ll charge?
That hypothetical example illustrates the situation many California businesses find themselves in when they go shopping for health insurance. By routinely having to reveal the size of a rate increase to other insurers, they all but guarantee that no one will provide coverage for much less.Insurers’ rate quote practice is unfair
Read Full Article: Insurers’ rate quote practice unfair
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