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Calif. Regulators Approve Anthem Blue Cross Rate Hike of 14% to 20%
insurance newsnet

California insurance regulators have cleared the way for Anthem Blue Cross to move ahead with scaled-back rate hikes after a previous increase was canceled.

The new rates will average 14% to as high as 20%. Anthem said it plans to put the new rates into effect Oct. 1 for nearly 600,000 of its 800,000 individual California policyholders.