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WellPoint’s New York Rate Increase to Face Scrutiny
San Francisco Chronicle

WellPoint Inc.’s request to raise rates as much as 28 percent on small-business health plans in New York will face increased scrutiny because of new U.S. regulations, the state’s top health-insurance official said.

Federal rules released today tell state regulators to view rate-increase proposals of more than 10 percent as “initially unreasonable,” said Louis Felice, chief of the New York Insurance Department’s health bureau, in a telephone interview.