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Insurance Commissioner Poizner Fights for Consumers, Calls for Postponement of Anthem's Rate Increase

Source: CA Insurance Department

Posted on 09 Feb 2010

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California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint's California affiliate, Anthem Blue Cross (Anthem), called on WellPoint executives to postpone the rate increase, allowing the California Department of Insurance proper time for an independent actuarial review of the proposal.

"As a public benefit and to ensure that policyholders are not forced into financial hardship as a result of Anthem's proposed rate increases," said Commissioner Poizner, "I am asking that Anthem agree to postpone those rate increases until the Department's independent actuary completes his review."