29_35x90 knx_35x90
CBSLA WEATHER APP: iPhone App Store | Android App Coming Soon | More Info | Watch Josh's Live Demo

Health

Calif. OKs Rate Boost For Blue Cross, Blue Shield

View Comments
(credit: David McNew/Getty Images)

(credit: David McNew/Getty Images)

CBS Los Angeles (con't)

Affordable Care Act Updates: CBSLA.com/ACA

Health News & Information: CBSLA.com/Health

LOS ANGELES (AP) – California has approved large rate increases on individual health insurance policies for Anthem Blue Cross and Blue Shield.

The California Department of Insurance says Blue Shield customers face an average hike of 18.5 percent and Anthem Blue Cross customers face an average 13.4 percent increase.

Anthem Blue Cross, the state’s largest for profit insurer, had previously requested a boost that would have upped rates as much as 39 percent for some customers. But regulators found accounting errors in that filing.

Anthem’s rate hike was repeatedly held up by President Barack Obama as an example of a broken health care system in the run up to the vote on the federal health care reform bill.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,340 other followers