Anthem Blue Cross Raising Rates By As Much As 39 Percent
LOS ANGELES (AP) -- Anthem Blue Cross has told some customers it will raise their health insurance premiums as much as 39 percent beginning March 1.
The increases, reported Friday by the Los Angeles Times, involve as many as 800,000 customers who buy individual coverage. People with group coverage aren't affected.
In a statement, the Woodland Hills-based insurer declined to specify the size of the rate changes or how many people will be affected. The company -- which is the largest for-profit health insurer in California -- blames the increases on rising health care costs. It says its prices may be adjusted more frequently than its typical annual increases.
Anthem's rates are under review by the state insurance department.
Copyright 2010 by The Associated Press. All Rights Reserved.
KNX 1070 NEWSRADIO is Southern California's most trusted and honored news radio station serving Los Angeles County / Orange County / Ventura County / Riverside County / San Bernardino County / San Diego County. 50,000 watt clear signal. CBS News. Traffic & Weather Together on the Fives. Money news, sports, weather, entertainment and special features. Streaming live online and offering News On Demand with free podcast downloads. Available in HD. Video webisodes of Money 101 Online with Bob McCormick, Cookin' Up a Kitchen with Melinda Lee. www.knx1070.com.
E-Mail
Print
