Under Pressure, Anthem Drops Steep Rate Hikes

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As Congress was debating healthcare reform, Anthem Blue Cross raised insurance rates for 800,000 California customers by an average of 25%. President Obama seized the moment to push his program. Yesterday, those increases were cancelled. Anthem Blue Cross has been stung by California Insurance Commissioner Steve Poizner, a Republican candidate for Governor, who said their rate-increase plan had "all kinds of methodological mistakes." Duke Helfand is reporting the story for the Los Angeles Times.




Warren Olney