To the Point
Under Pressure, Anthem Drops Steep Rate Hikes
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 .
By Warren Olney • • 1 min readAs 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.
