Sacramento, CA — Anthem Blue Cross is planning to hike rates 9.8 percent on average for individual insurance policyholders.
The Associated Press reports that the decision comes on the heels of a rate hike in October that averaged 14 percent. In its proposal, Anthem said that some members will also see their benefits reduced. The company says its policies are competitively priced and reflect rising health care costs. The rates go into effect April 1.
This post was last modified on 01/06/2011 1:01 pm
Sacramento, CA — Anthem Blue Cross is planning to hike rates 9.8 percent on average for individual insurance policyholders.
The Associated Press reports that the decision comes on the heels of a rate hike in October that averaged 14 percent. In its proposal, Anthem said that some members will also see their benefits reduced. The company says its policies are competitively priced and reflect rising health care costs. The rates go into effect April 1.
Written by BJ Hansen.
Sign up for our Breaking News Alerts and the myMotherLode.com Daily Newsletters by clicking here. Report breaking news, traffic or weather to our News Hotline (209) 532-6397. Send Mother Lode News Story photos to news@clarkebroadcasting.com.