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Anthem Blue Cross Reduces Proposed Rate Increase in California
insurance newsnet

Anthem Blue Cross has agreed to cut its proposed quarterly rate increase for California small-business policyholders in half, following scrutiny from the State Insurance Commissioner Dave Jones.

The company has agreed to reduce its rate increase from an average of 6% to 3% for its “Solutions Plans,” which are purchased by small businesses with two to 50 employees. Those plans include the company’s Solution 2500 PPO, Solution 3500 PPO and Solution PPO products.