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Anthem Blue Cross to Delay Rate Increase

Monday, April 4, 2011 @ 06:04 PM
posted by admin

  • MARCH 21, 2011, 3:51 P.M. ET

WellPoint Anthem To Cut, Delay Calif Rate Increase – Official

WellPoint Inc.’s (WLP) Anthem Blue Cross of California has agreed to delay and reduce its 2011 rate increases for individual health plans, a move that will save customers in the state at least $40 million, the state’s insurance commissioner said Monday.

Anthem Blue Cross, the state’s largest health plan, projected it will lose money on individual health-insurance coverage in California this year after losing some $110 million there in 2010. The losses, however, are anticipated to be less than the $40 million in savings that the commissioner referenced, the company said, without giving a specific projection.

http://online.wsj.com/article_email/BT-CO-20110321-711308-kIyVDAtMUMxTzItNjIyMDYxWj.html#articleTabs%3Darticle

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