Anthem Blue Cross
The state’s largest health insurers, including Anthem Blue Cross, Blue Shield and Kaiser Permanente, will be among 13 plans competing for policies on California’s new health care exchange.
California Insurance Commissioner Dave Jones said Tuesday that Anthem Blue Cross’ proposed rate hike for some of its small-group members is unreasonable, but the insurer says the increase reflects the rising cost of health care.
More than half a million Californians who are covered by Anthem Blue Cross could see a massive rate hike early next year.
A California legislative committee on Wednesday narrowly approved a bill that would give state officials the power to reject proposed health insurance rate increases, but even some supporters said it will need major changes to survive.
A bill that would allow state officials to reject rate increases proposed by health insurers is under intense lobbying pressure as it faces a key committee vote this week.
Anthem Blue Cross has agreed to settle a lawsuit that accused the health insurer of manipulating policies and forcing California patients into higher deductible policies with fewer benefits.
Democrats in the California Assembly on Thursday narrowly approved giving state regulators the power to reject rate hikes proposed by health insurers, voting after Republican lawmakers walked out of the chamber in protest.
San Francisco is suing three insurance companies on claims that they underpaid San Francisco General Hospital for emergency services given to policyholders.
Double-digit rate hikes for 120,000 Anthem Blue Cross health insurance policyholders will take effect Sunday.
Anthem Blue Cross, the largest health plan in California, said Monday it will delay and reduce rate hikes that would have hit some 600,000 policyholders at an estimated cost of $40 million.