The Assembly on Monday approved legislation to toughen oversight of health insurance rate hikes but the Senate has rejected, at least for now, a measure to require state approval before companies can increase their premiums.
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Anthem Blue Cross has been under scrutiny for its recent rate hikes. But that scrutiny should go beyond the rate hikes to their overall business practices—and the broken health system that rewards bad behavior. The company has perfected a business model based on collecting premiums from the healthy and avoiding as much as possible actually providing coverage to those who are sick.