LOS ANGELES (AP) _ The president of Anthem Blue Cross in California is resigning after an attempted rate increase that became President Barack Obama’s poster child for out-of-control health care costs.

Leslie Margolin, who led the state’s largest for-profit insurer for more than two years, said Tuesday she will go into health care consulting.

In April, Anthem withdrew rate increases as high as 39 percent after public outrage and rebukes from Obama. The insurer now plans to raise premiums an average of 14 percent for individually insured policies, capping hikes at 20 percent.

Anthem Blue Cross’ parent company is Indianapolis-based Wellpoint Inc. In a statement Tuesday, the company thanked Margolin for her leadership.

  1. LuLu says:

    I think “for profit” says it all. All Anthem Blue Cross wants to do is to gouge every participant for their own gain.

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Watch & Listen LIVE