California Regulator Calls Anthem Blue Cross Rate Hike 'unreasonable'

Los Angeles Times - Top News, Los Angeles Times
Fri, 04/29/2011 - 9:00pm

But the Department of Managed Health Care says it can't stop the state's largest for-profit insurer from raising rates for 120,000 customers an average of 16%.A California regulator for the first time has declared a health insurance rate increase "unreasonable" but acknowledged that it can do nothing to stop the state's largest for-profit insurer from going ahead with it.

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