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Anthem Blue Cross admits ‘inadvertent miscalculations’ in rate hikes
Sacramento Bee

Anthem Blue Cross used deeply flawed math and assumptions when it announced plans to hike premiums by as much as 39 percent for thousands of California subscribers, the Department of Insurance announced Thursday.

Acknowledging that it had made “inadvertent miscalculations,” the state’s largest for-profit health insurer said it would withdraw its controversial rate filing. The company said it is considering re-submitting its filing as soon as next month but did not disclose specifics.