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Lawmakers accuse WellPoint, parent company of Anthem Blue Cross, of profiteering
Los Angeles Times

Congressional Democrats on Wednesday accused the parent company of Anthem Blue Cross of putting profits ahead of policyholders, saying the giant insurer padded its proposed rates while lavishing generous salaries and benefits on top executives. Lawmakers, citing internal documents from WellPoint Inc., said the company had sought to inflate individual policyholders’ premiums to counteract anticipated concessions to state regulators.