Anthem Blue Cross | featured news

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.

California health insurer Anthem Blue Cross is withdrawing rate increases of as much as 39% for thousands of California policyholders after state insurance regulators rejected the proposals, officials announced Thursday.

While lawmakers and President Barack Obama are lamenting premium hikes of up to 39% that Anthem Blue Cross of California plans to charge policy-holders, Lori Creasey says that's nothing. Try 69%.

Health insurer Anthem Blue Cross will postpone its much-criticized plan to raise rates for some California residents who buy ...