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Anthem Blue Cross Raises Rates Again

Anthem Blue Cross is warning individual policy holders in California to prepare for another rate increase. Some consumers will have to pay 40 percent more for their health insurance than they did last year.

Anthem Blue Cross’ parent company, WellPoint, made nearly $3 billion in profit in 2010.

It isn’t the only insurer that’s raising rates. Individual policy holders with Blue Shield and Aetna will also face higher premiums on May 1st.