Anthem Says it Will Switch, Not Fight

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HARTFORD, Conn. (AP) _ Anthem Blue Cross and Blue Shield says it will seek new insurance rates rather than appeal a decision by state regulators rejecting its request for a nearly 20 percent increase.

Anthem said that instead of a time-consuming appeal leading to uncertainty among its 48,000 members, it will submit a new rate request that would take effect April 1. A spokeswoman said Tuesday the insurer has not decided whether it will seek a smaller increase or what other rate details are.

The state Insurance Department rejected a rate increase request Dec. 3, saying Anthem’s request was excessive and that current rates are adequate.

At a public hearing in November, an Anthem representative told the Insurance Department that the insurer’s rate requests are in line with those of competitors.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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