Anthem Says it Will Switch, Not Fight

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.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

Be Part of the Joe D & Gresh Fantasy Football League
Price Chopper Supermarkets Presents Retail Food Rescue Program

Listen Live