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Thursday April 24th 2014

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Anthem to Raise Some Premiums as Much as 25%

AnthemBlueCrossThousands of Anthem Blue Cross individual customers with older insurance policies untouched by Obamacare are getting some jarring news: Their premiums are going up as much as 25%. These increases, 16% on average, are slated to go into effect April 1 for up to 306,000 people — unless California regulators persuade the state’s largest for-profit health insurer to back down. Amid the fury last fall over canceled health policies, consumer advocates and state officials warned people that holding onto grandfathered policies purchased before the federal healthcare law was enacted in 2010 wouldn’t shield them from significant rate hikes according to a recent report in the Los Angels Times.