White House Presses Anthem Blue Cross on Rate Hike

The Obama administration is demanding answers from California's largest insurance firm, Anthem Blue Cross, about why the company is suddenly raising premiums on some customers by up to 39 percent; more than 10 times the rate of inflation. Nearly a million Californians with individual insurance plans have received letters from the company notifying them of the rate hike, which, some customers said, makes their insurance unaffordable. "I really can't afford to spend $9,000 a year on health...Full Story
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