News Headlines Article

Anthem lowers small-biz rate hike
Sacramento Business Journal

California’s insurance commissioners on Monday said Anthem Blue Cross has agreed to cut a proposed quarterly rate increase in half for some policies offered to small businesses. The company now proposes average quarterly rate increases of 3 percent, down from 6 percent, for the Solution 2500 PPO, Solution 3500 PPO and Solution 5000 PPO plans, which it offers to businesses with fewer than 50 employees.