California Attorney General Jerry Brown (and perhaps your next Governor?) subpoenaed the financial records from several health insurance companies yesterday. Why? Because he's he's worried that seven of the state's largest health insurance companies are raising premiums, unfairly so.
"Not only are the rate increases devastating to Californians strapped by the economy, but in some cases, they are possibly illegal," Brown said in a statement released on Thursday.
He's also concerned that companies have also been "denying payment for legitimate insurance claims."
Aetna Health, Anthem Blue Cross, CIGNA, Health Net, Blue Shield of California, Kaiser Permanente and PacifiCare.have 30 days to
shred hand over the documents for review.