Anthem to raise rates for grandfathered plans

Driven by escalating healthcare costs, Anthem Blue Cross has proposed rate increases averaging 16 percent for up to 306,000 Californians with individual "grandfathered" policies, the Los Angeles Times reported. Although state officials can't reject rate increases, the California Department of Insurance has voiced disapproval about some insurers' attempts to increase premiums for grandfathered plans. In light of the proposed premium hikes, Anthem noted that customers can find new healthcare reform coverage options. "Many of the members affected here may be eligible for federal subsidies via the Covered California exchange and may have lower premiums if they decide to switch to an Affordable Care Act-compliant policy," Anthem spokesman Darrel Ng told the LA Times. Article

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