House Panel To Probe Anthem Blue Cross Rate Hike

Law360, New York (February 10, 2010, 1:50 PM EST) -- A U.S. House of Representatives subcommittee has launched an inquiry into Anthem Blue Cross and Blue Shield's recent proposal to raise health insurance premiums for California customers as much as 39 percent.

House Energy and Commerce Committee chairman Henry Waxman, D-Calif., and oversight and investigations subcommittee chair Bart Stupak, D-Mich., sent a letter Tuesday to Angela F. Braly, president and CEO of Anthem parent company WellPoint Inc., calling on her to testify at a proposed Feb. 24 hearing examining Anthem's proposal to raise rates for individual...
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