February 19, 2010

California - Anthem Blue Cross delays rate increase

Many of you have heard Anthem's name in the news lately and the negative backlash from policy holders and the State's Insurance Commissioner regarding their March 1, 2010 rate increases.

This week Anthem announced that they would delay implementing rate adjustments after releasing the following statement. Quote:" Anthem Blue Cross Life and Health Insurance Company has agreed to a request by the California Department of Insurance to postpone our March 1, 2010 rates to May 1, 2010, pending an additional third-party review. The review will be conducted by Axene Health Partners, LLC, retained by the California Department of Insurance. While we have already conducted an independent third-party review, we welcome the additional scrutiny by the commissioner and are confident that our rates will continue to reflect anticipated medical costs and are established consistent with actuarial principles and state law. In order to avoid confusion, we are also delaying the implementation of the rate increases for individual medical plans offered by Anthem Blue Cross".
QuoteBroker encourages all California health insurance policy owners to shop around no less than once a year to make sure that your present individual health insurance or group health insurance policy still meets your requirements and always compare premiums against the competition.

QuoteBroker.com provides free instant health insurance quotes for individuals, families and businesses. In less than 5 minutes you can shop for the lowest priced health insurance plans in your area, compare plan features and apply for coverage online. All in the comfort of your home without ever seeing an agent. Of course if you need help, you can always call (800) 783-0802 and an insurance specialist will be happy to assist you.