Anthem Blue Cross
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.
California Insurance Commissioner Dave Jones is calling for changes as the state’s health insurance premiums continue to rise.
Some Anthem Blue Cross policyholders in California are facing rate hikes that will average almost 15 percent — but they’re not the same policyholders who saw rates hiked an average of 25 percent last year.
After a state audit, California’s seven largest health insurers face nearly $5 million in fines for wrongly refusing to pay claims to hospitals and physicians.
LOS ANGELES (KCBS) _ State regulators have approved rate hikes on individual Anthem Blue Cross health insurance policies, this after public outrage and government scrutiny halted a larger increase.