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Anthem Blue Cross's Announcement That It Will Temporarily Suspend a 39% Health Insurance Rate Increase Should Not Deter Immediate Legislative Action
Date:2/13/2010

lank' href="http://www.consumerwatchdog.org/insurance/">http://www.consumerwatchdog.org/insurance/

Assembly Member Dave Jones (D-Sacramento) has announced plans to introduce legislation to apply Prop 103-styled "prior approval" regulation to health insurance rates.

Anthem Blue Cross is the current focus of anger at insurers, drawing protests from the federal Department of Health and Human Services, from President Obama himself and the state Insurance Commissioner. But it is not an isolated incident. Small businesses nationwide received notice of 15% to 20% premium increases last fall from multiple insurers, and this year's jump in individual Blue Cross policies follows outsized increases last year. At the same time, the parent company of Anthem Blue Cross lost nearly 4% of its customers in 2009, while posting profits significantly above 2008 levels.

Consumer Watchdog is a nonpartisan consumer advocacy organization with offices in Washington, D.C. and Santa Monica, CA. Find us on the web at: http://www.ConsumerWatchdog.org

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