California Insurance Commissioner Steve Poizner has sent a strongly-worded communication to Wellpoint/Anthem requesting that they hold off on the proposed 3/1 rate increase until 5/1 so that an independent actuary retained by the DOI can review Anthem's payout ratios.
Additionally, the Obama Administration has expressed serious concerns about such a large rate increase in California.
A link to Mr. Poizner's letter here.
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Monday, February 8, 2010
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