News Headlines Article

Close insurance loophole
Chico News and Review

Individual policy holders aren’t the only people being hit by excessive hikes in the cost of their Anthem Blue Cross and Blue Shield health-insurance premiums. Last week the city of Chico revealed that Blue Shield had hiked its employee premiums by more than 40 percent, an astonishing increase. As a result, the city wants to self-insure through the California State Association of Counties.

That news comes in the wake of an April 2 announcement that WellPoint, Anthem Blue Cross and Blue Shield’s parent company, had boosted its CEO’s compensation 51 percent last year, from $8.7 million to $13.1 million.