News Headlines Article

State opposes Anthem rate increase
San Francisco Chronicle

California’s insurance commissioner on Tuesday called a proposed rate hike by Anthem Blue Cross for small businesses “unreasonable” and accused the health insurer of improperly imposing fees associated with the federal health law. Insurance Commissioner Dave Jones said his department’s actuaries carefully reviewed the health insurer’s plans, which he said would raise rates by nearly 11 percent. The company, he said, overestimated its projected medical costs and how much in services it expects its policyholders to use. Anthem officials disputed Jones’ claims.