Is there a ceiling on a premium? Are Anthem Blue Cross rate hikes imminent?
Anthem Blue Cross, California’s largest for-profit health insurer, announced several months ago that they were raising rates on individual insurance plans in the state by as much as 39%. Policyholders went berserk and the ripple effect of outrage was felt from here to Washington. Some even credit the public outcry with reinvigorating the stalled debate on health care reform. The consternation proved too much and the insurer agreed to postpone the hikes until May 1, pending an independent investigation into whether the rate increases are warranted. It’s April 29……..will Blue Cross customers be paying a substantially bigger bill?
Congresswoman Jan Schakowsky (IL-09)
Senator Diane Feinstein, (D-CA)
Darrel Ng, press secretary, California Department of Insurance