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NEW YORK (CBS 2) – New York health insurance companies are seeking double-digit rate hikes, and one New York congressman said they must be stopped.
Representative Anthony Weiner said insurance companies want to raise rates as much as 19 percent next year.
Weiner is calling on New York’s insurance department to use its new power and limit increases.
“We are seeing that despite the fact that inflation is at zero, and real wages are growin hardly at all, the health insurance industry is showing that they are prepared to gouge New Yorkers even more,” Rep. Weiner said.
Insurance companies have two more weeks to submit proposals for rate hikes.