Calif. Prescribes Extra Review For Insurer Rate Changes

Law360, New York (June 16, 2010, 7:53 PM EDT) -- Rate change filings from health insurers like WellPoint Inc. unit Anthem Blue Cross will get extra scrutiny as part of the California Department of Insurance's review process, in the wake of an outside actuary's finding in April that Anthem used flawed data when it sought to hike up rates for individual Californian policyholders.

When the top four insurers in the individual market — Anthem Blue Cross, Aetna, Health Net, and Blue Shield of California — file new rates, those filings will be reviewed by outside actuaries,...
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