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Anthem Blue Cross withdraws huge California rate increases
San Francisco Business Times

Anthem Blue Cross has withdrawn the proposed huge rate increases that launched a national controversy when they became public earlier this year, and may have helped President Barack Obama’s health reform legislation make it over the finish line. The California Department of Insurance announced the step late Thursday, saying it came after the DOI found “substantial errors” in the Thousand Oaks-based health insurer’s rate filing. The agency stressed that the errors were mathematical miscalculations, “and not differences in actuarial opinion.”

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