Anthem’s original plan was to increase premiums as much as 39 percent in California’s individual insurance market, making it a poster child for gargantuan yearly rate increases and heightening calls for limits against insurers in the reform legislation, which had not yet passed.
In April, Anthem withdrew its original proposed increase after the state found flaws in the company’s methodology. In its current action, the state allowed Anthem increases averaging 14 percent and as high as 20 percent, effective Oct. 1.
HHS Secretary Kathleen Sebelius said Anthem’s reduction of proposed rates represented an improvement in state oversight of health insurers. The state also approved an individual rate increase for Blue Shield of California averaging 19 percent and as high as 29 percent.
Read the Los Angeles Times report on Anthem.
Read more coverage on Anthem.
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