Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

Anthem Blue Cross Makes Massive Hikes in California Insurance Premiums


San Francisco, CA: Anthem Blue Cross has announced that as of March 1st, 2010, is will raise it health insurance rates by nearly 40 percent, affecting approximately 800,000 customers in California, where the increase will take place.

The rate hikes come on the heels of an announcement by Wellpoint Inc, Anthem's parent company, of an eightfold increase in profits in the last quarter of 2009, that's a reported profit of $2.7 billion for October, November and December alone.

In a letter from Health and Human Services Secretary Kathleen Sebelius to Anthem Blue Cross president Leslie Margolin, Sebelius states, "These extraordinary increases are up to 15 times faster than inflation and threaten to make health care unaffordable for hundreds of thousands of Californians, many of whom are already struggling to make ends meet in a difficult economy." And, "Your company's strong financial position makes these rate increases even more difficult to understand."

Sebelius also wrote that she will be "closely monitoring the situation," which is now under investigation by the state of California.

The March 1st rate increases are reported to be the largest ever made by Blue Cross for individual policyholders in California.

Legal Help

If you or a loved one has suffered damages as a result of this situation, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
Last updated on

LEGAL ARTICLES AND INTERVIEWS

Consumer Advocate Group Demands Release of Info on Anthem Blue Cross Rate Hikes
Consumer Advocate Group Demands Release of Info on Anthem Blue Cross Rate Hikes
March 25, 2010
Los Angeles, CA A consumer advocacy group has called on California Insurance Commissioner Steve Poizner to release all the information compiled during his department's investigation into forthcoming Anthem Blue Cross rate hikes, which could see double-digit increases for customers purchasing individual plans.
READ MORE

WellPoint Anthem Blue Cross Grilled over Proposed Rate Increase
WellPoint Anthem Blue Cross Grilled over Proposed Rate Increase
March 2, 2010
Washington, DC The much-maligned WellPoint /Anthem Blue Cross rate increases, scheduled to take effect today in California and other states, have been delayed until May 1, giving congressional leaders some time to investigate the reasons behind the new rates, which are projected to cost health insurance plan holders as much as 39 percent more.
READ MORE

ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.
Request Legal Help Now! - Free