Anthem Blue Cross plans to go ahead with rate hikes in California

Executives at the health insurer and its parent firm, WellPoint, defend increases of as much as 39% in a hearing before an Assembly panel. The changes are slated to go into effect May 1.

By Duke Helfand
LA Times
February 24, 2010

Reporting from Sacramento

Executives from California health insurance giant Anthem Blue Cross, under fire for scheduled rate hikes of up to 39%, insisted Tuesday that their premiums were fair and legal, and they told lawmakers they expected that the increases would go forward.

Appearing before the state Assembly's health committee, the officials said that they believed rate increases for individual health insurance policies, delayed until May 1 while being reviewed by the Department of Insurance, would survive scrutiny by regulators

The testimony came as members of the committee lashed out at Anthem for its proposed rate hikes and its corporate profit a day before the rate controversy moves to Washington, where a congressional subcommittee holds a hearing Wednesday.

(More here.)

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