LOS ANGELES - Anthem Blue Cross, the largest health plan in California, said Monday it will delay and reduce rate hikes that would have hit some 600,000 policyholders at an estimated cost of $40 million. Anthem is one of four major health insurers in the state who earlier agreed to put off premium increases for at least 60 days at the request of California Insurance Commissioner Dave Jones.
To: HEALTH EDITORS Contact: Jennifer Bayer of Hospital Association of Southern California, +1-213-538-0730; or Peggy Hinz of Anthem Blue Cross, +1- 805-557-6791
SANTA MONICA, Calif., July 12 /U.S. Newswire/ -- As California regulators review the impact on the California health care system of the proposed merger of Blue Cross of California's parent company, WellPoint Health Networks, and Anthem Inc, executives continue to deny that Blue Cross of California has avoided paying up to $500 million of a constitutionally required gross premium tax. In an open letter sent to WellPoint and Anthem shareholders today, FTCR wrote:
En una conferencia de prensa improvisada, el mandatario habló con la prensa sobre el encuentro, donde aseguró que salud no estuvo fuera de la agenda. "Tocamos brevemente el tema de cómo nos podemos mover hacia delante en la reforma de salud", reconoció. Consultado por La Opinión, el congresista Xavier Becerra (D-CA) aseguró que "el Presidente busca un modo de cumplir con la reforma de salud. Los demócratas lo hemos hecho. Esperamos la participación de los republicanos en la reunión del 25 porque el público merece ver las ideas de todos, la oportunidad de tener un juicio sobre este esfuerzo", resaltó. [Barack Obama] se refirió además específicamente a los aumentos en el costo anual de hasta un 39% de las pólizas de seguro médico de la aseguradora privada Anthem Blue Cross de California. ...
Why was I shocked when I saw two women sitting in front of Congress the other da)': Angela F. Braly, the chief executive of WellPoint and Cynthia Miller, the company's chief actuary? Braly's WellPoint, which owns Anthem Blue Cross, California's largest health insurer (and also mine for 25 years) is hiking premium rates on 800,000 individually insured members up to 39 percent. (My rate is set to rise 39 percent May 1 after a 10 percent hike last November.) Anthem had hoped to have these rate hikes in place by March 1 but consumer and legislative anger and push-back have delayed their hoped-for profits. The very same week Anthem informed their insured via letter of the massive rate hikes, CEO Braly's company posted a $2.7 billion fourth quarter profit. The Los Angeles Times quoted the Wel...
Americans are going to hear lots of scare-mongering anecdotes at today's health care summit, such as the 39 percent increase in insurance premiums announced this month by Anthem Blue Cross, a California company. President Obama and the Democrats have a solution: Pass a law to impose additional coverage by insurance companies, eliminate the multimillion-dollar cap insurance policies have on total benefits, and pile on lots of new red tape. These policies are guaranteed to raise rates. California does offer a useful case study, but not for the reasons Democrats think. New regulations there make some people subsidize others in the individual insurance market. Young people pay more than what it costs to insure them, and older people pay less. The same discrimination occurs broadly between h...
ARCADIA - Anthem Blue Cross and Methodist Hospital of Southern California have ended their three-year dispute over billing issues and have once again entered an . Once again, members can receive covered services at Methodist Hospital and take advantage of their plans' in-network benefits," said Pam Kehaly, president of Thousand Oaks-based Anthem Blue Cross.
The CEO of WellPoint Inc., the nation's largest health insurer, is being called before Congress this week to defend planned rate hikes of as much as 39 percent for some customers even as the company made billions last year. The issue bubbled up earlier this month, as notices about rate increases for the individual health insurance business of WellPoint's Anthem Blue Cross subsidiary in California were widely publicized. Similar premium increases are being seen by policyholders in a handful of states.
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