Enormous Healthcare Rate Hikes for Individual Policies

Newly-elected State Insurance Commissioner Dave Jones wants Blue Shield of California to delay rate increases of up to 59 percent on health insurance for individuals. First reported last night, the hikes come less than a year since Anthem Blue Cross tried to get 39 percent and settled for up to 20 percent. Individual policy holders include those not covered by employer plans, the self-employed and the unemployed. Len Nichols is Professor of Health Policy at George Mason University.