Monday 6th May 2024

    TradeBriefs Editorial

    From the Editor's Desk

    California Rule Seeks to Limit Health Cost Increases to 3 Percent

    Doctors, hospitals and health insurance companies in California will be limited to annual price increases of 3 percent starting in 2029 under a new rule state regulators approved Wednesday in the latest attempt to corral the ever-increasing costs of medical care in the United States.

    The money Californians spent on health care went up about 5.4 percent each year for the past two decades. Democrats who control California's government say that's too much, especially since most people's income increased just 3 percent each year over that same time period.


    Continued here


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