Calif. Anthem Upping Rates For Some ‘Grandfathered’ Plans
Anthem's planned rate increase would affect certain California individual policy holders.
Los Angeles Times: Anthem To Raise Some Premiums As Much As 25%
Thousands of Anthem Blue Cross individual customers with older insurance policies untouched by Obamacare are getting some jarring news: Their premiums are going up as much as 25%. These increases, 16% on average, are slated to go into effect April 1 for up to 306,000 people — unless California regulators persuade the state's largest for-profit health insurer to back down (Terhune, 1/30).
The San Francisco Chronicle: Anthem Blue Cross Raises Rates … Again
Josh Libresco of San Rafael opened his mail to find out Anthem Blue Cross is again raising his rates, this time by 19.3 percent effective April 1. He’s among the nearly 300,000 Anthem Blue Cross customers in California facing rate increases averaging 16 percent, and some as high as 25 percent. These increases do not affect policies that comply with the federal health law and that are sold through Covered California, the state health exchange. Rather, these are what are known as “grandfathered” policies, those that existed before March 2010 and do not meet the requirements of Obamacare (Colliver, 1/30).