Officials Sound Alarm On Anthem Blue Cross Rate Hike

Law360, New York (February 9, 2010, 1:58 PM EST) -- U.S. Department of Health and Human Services Secretary Kathleen Sebelius has asked WellPoint Inc. subsidiary Anthem Blue Cross and Blue Shield to publicly justify its recent proposal to hike premiums as much as 39 percent for California health insurance customers.

Sebelius sent a letter Monday to Anthem Blue Cross President Leslie Margolin saying that she was “very disturbed” by the company's request to raise insurance premiums up to 15 times faster than inflation, even as its parent company posted a $2.7 billion profit in the last...
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