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Anthem withdraws rate increases
San Francisco Chronicle

Anthem Blue Cross, the California health insurer that faced public outrage after it proposed raising premiums by as much as 39 percent for its individual policyholders, has withdrawn the proposed increase and plans to refile new rates next month, its parent company, WellPoint Inc., said Thursday.

While the insurer attributed its decision in part to “inadvertent miscalculations” it made in calculating medical costs, the state Department of Insurance said an independent actuarial review revealed substantial errors that were out of sync with medical inflation trends.

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