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Employee Benefits

California caps annual health care price increases at 3%

April 26, 2024 Reprints

California has approved a rule to limit annual price increases by doctors, hospitals, and health insurance companies to 3% from 2029, to control the rising costs of health care, the Associated Press reports. The cap, approved by the Health Care Affordability Board, will be phased in over five years, starting with 3.5% in 2025.

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California caps annual health care price increases at 3%

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