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Congress Probes Anthem Blue Cross Premium Hikes

by WebMaster
February 11, 2010
in Business, Press Release
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Congress Probes Anthem Blue Cross Premium Hikes

February 10, 2010 /EIN PRESSWIRE/ Lawmakers are looking into the impending rate hikes by Anthem Blue Cross and have scheduled a hearing in Washington on Feb. 24.

Anthem Blue Cross of Woodland Hills, Calif., a unit of WellPoint, is California’s largest for-profit insurer, and brokers and policyholders say the proposed premium increases are as much as 30% to 39% more than last year. Lawmakers want to take a closer look at the increases in premiums for many of Anthem’s 800,000 individual health insurance policies.

“If we don’t act, this is just a preview of coming attractions,” President Barack Obama said. “Premiums will continue to rise for folks with insurance; millions more will lose their coverage altogether; our deficits will continue to grow larger. And we have an obligation — both parties — to tackle this issue in a serious way.”

The insurance lobby deflects the blame, saying the price of hospital care, prescription drugs and doctors is propelling the largest growth in healthcare spending in more than 50 years.

Read more about this story at Healthcare Industry Today:

Latest Anthem Blue Cross news – http://health.einnews.com/news/anthem-blue-cross
Latest WellPoint Inc. news – http://health.einnews.com/news/wellpoint-health-networks

Located at http://health.einnews.com, Healthcare Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest health news from around the world, saving them valuable time they’d spend searching for information. New users to Healthcare Industry Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.

WebMaster

WebMaster

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