Anthem and its parent company Wellpoint have given $12.9 million to defeat a California ballot initiative that would require carriers to get approval for rate hikes – while they have proposed a 25% increase in the rates of individual policies held by over 300,000 members in California.
It’s a matter of perspective – are they raising rates because they must or because they must do it now before it’s too late – Blue Cross decision
April 4, 2014
