Many Anthem Blue Cross customers could see their rates jump an average of 18 percent in February, under a proposal by the state’s largest for-profit health insurer. Other insurers are also proposing rate hikes.
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.
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.
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.