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California regulator calls Anthem Blue Cross rate hike 'unreasonable'

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.

 

Health-care shocker: Policy premium goes up 69%

Health-care shocker: Policy premium goes up 69%

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%.

 

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