Tag Archives: Rate Hike

Anthem Blue Cross Withdrawals Rate Hike In California

Anthem Blue Cross Withdrawals Rate Hike In California

Anthem Blue Cross of California has decided to withdrawal it’s highly controversial rate increase amid errors found in a independent review.  Anthem has stated that it will file a new application for increase with the California Insurance Commissioner.

Anthem Blue Cross raises rates

Anthem Blue Cross in California is raising rates up to 39%.  California Insurance Commissioner is calling for the postponement from an effective date of 3/1 to 5/1 so that his office can review the rate increase.  You can see the whole press release from the insurance commissioner here.  Additionally the Obama administration has expressed concern over this as well.  One of the problems with this rate hike is that Anthem Blue Cross’s parent company is Wellpoint.  Wellpoint made a significant profit in the fourth quarter of 2009.  If you currently have Anthem Blue Cross in California, several of my clients have been looking at the rates of other California health insurers.  Below are a couple:

Blue Shield of California

Assurant Health