News Headlines Article

Lawmakers question Anthem about its proposed 39% increase
Ventura County Star

Top executives from Anthem Blue Cross on Tuesday defended the company’s proposed rate increases of up to 39 percent as necessary to overcome $68 million in losses in the individual health insurance market last year and vowed to implement them if they are approved by Insurance Commissioner Steve Poizner.

“Our rates are competitive. This is not unique,” said James Oatman, the vice president who heads the company’s individual insurance division, testifying before a special hearing of the Assembly Health Committee.