News Headlines Article

Anthem a boon to Obama’s healthcare efforts
Los Angeles Times

On a warm Friday in early November, California’s largest for-profit health insurer submitted a plan to regulators in Sacramento. Anthem Blue Cross was seeking double-digit rate increases for many of its 800,000 individual policyholders.

Company executives had little reason to worry. Insurers can raise premiums in the individual market as often — and as much — as they like, within certain guidelines. For years, such requests were routinely approved. They rarely made news.