News Headlines Article

Agency declares Anthem rate hikes unreasonable
Sacramento Business Journal

The state agency that regulates managed-care plans has concluded that May 1 rate increases for 120,000 Anthem Blue Cross members with individual policies are unreasonable. Depending on the plan, the hikes run from 14.4 percent to 16.7 percent. A new state law allows regulators to review rate increases and provide data on concerns — but gives regulators no authority to stop rate hikes from taking effect.