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Anthem backs off premium increases, investigations pile on

Perhaps in response to national outrage, Anthem Blue Cross—the state's largest for-profit health insurer—announced Saturday they will postpone (by at least two months) their planned 39% premium hike on 800,000 individual subscribers. Is this just further, egregious proof of why we need health care reform? Is there any limit to how high they can raise their rates? Patt checks in with Health and Human Services Secretary Kathleen Sebelius, who pressed Anthem for a real explanation after rejecting their claim that the hikes are "unfortunate but necessary" because of rising medical costs and a smaller patient base. We also hear from state Insurance Commissioner Steve Poizner, who is leading an investigation into the rate hikes.

Guests:

Steve Poizner, California Insurance Commissioner

Kathleen Sebelius, Secretary of Health and Human Services for the Obama Administration

Brad Fluegel, Chief External Affairs Officer, WellPoint, Anthem’s Blue Cross’s parent company