To the Point
Health Insurers Say Rate Hikes Inevitable
As Washington waits for tomorrow's televised summit on healthcare reform , the President of WellPoint Insurance told a committee of Congress today that soaring medical costs justified raising rates in California by as much as 39 percent. That's what happened with a WellPoint subsidiary, Anthem, which testified in Sacramento yesterday.
By Warren Olney • • 1 min readAs Washington waits for tomorrow's televised summit on healthcare reform, the President of WellPoint Insurance told a committee of Congress today that soaring medical costs justified raising rates in California by as much as 39 percent. That's what happened with a WellPoint subsidiary, Anthem, which testified in Sacramento yesterday. Kristen Gerencher is a reporter and healthcare columnist for MarketWatch.
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