WellPoint Defends Calif. Health Insurance Rate Hikes

Law360, New York (February 12, 2010, 2:40 PM EST) -- WellPoint Inc. has fired back against mounting federal and state scrutiny over its intention to raise rates up to 39 percent for individual health insurance customers in California, arguing that rising health care costs and a challenging individual insurance market necessitate the “unfortunate” increases.

The president and CEO of WellPoint's Consumer Business Unit, Brian A. Sassi, sent a letter on Thursday to U.S. Department of Health and Human Services Secretary Kathleen Sebelius, laying out the reasons behind subsidiary Anthem Blue Cross' recent request to increase health...
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