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Thursday, Apr 3, 2025

WellPoint To Cut, Delay Premium Hike in California

Health insurer WellPoint Inc. has reduced its proposed premium increase for individual policy holders in California and will delay co-pay and deductible increases until Jan. 1.

WellPoint’s Anthem Blue Cross unit has reduced its proposed rate increase to an average of 9.1 percent from a previous proposal amounting to an increase of 16.4 percent, Dave Jones, California’s insurance commissioner, said on Monday. The reduced rate hike will save about $40 million for about 600,000 individual and family policyholders in the state, Jones said.

WellPoint’s proposed rate increases in California last year set off a national debate over the spiraling cost of healthcare coverage that Democrats seized on to build momentum for the healthcare overhaul law.

&#8226 CLICK HERE to read the Reuters story.

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