News Headlines Article

State insurance commissioner blasts Anthem for rate increase
Sacramento Business Journal

California Insurance Commissioner Dave Jones took to the bully pulpit Tuesday to blast Anthem Blue Cross for a Jan. 1 rate increase for small employers as “unreasonable.” Factoring in benefit reductions, Jones told reporters the average 12-month rate increase amounts to 10.6 percent for thousands of small business preferred-provider organization policyholders. A review of the filing showed the actuarial base was too high and the rates “excessive,” he said.