Anthem Blue Cross is allowed to move ahead with rate hikes
Thursday, August 26, 2010 - 12:07
in Earth & Climate
State regulators find that the firm's proposal meets the requirement that 70% of premiums go for medical care. As a result, they can't stop the increases, which average 14%. Blue Shield also is cleared to raise its rates.California insurance regulators cleared the way Wednesday for Anthem Blue Cross to implement scaled-back rate hikes after a previous increase was canceled amid an uproar over its size.