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Released: February 24, 2010

Anthem Blue Cross plans to go ahead with rate hikes in California

Source: Duke Helfand, Los Angeles Times (Free Registration)

Executives from California health insurance giant Anthem Blue Cross, under fire for scheduled rate hikes of up to 39%, insisted Tuesday that their premiums were fair and legal, and they told lawmakers they expected that the increases would go forward.

Appearing before the state Assembly’s health committee, the officials said that they believed rate increases for individual health insurance policies, delayed until May 1 while being reviewed by the Department of Insurance, would survive scrutiny by regulators

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