California OKs Anthem Rate Hike

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/129442879/129441700" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

A six-month battle in California over health insurance has come to an end. When health insurer Anthem Blue Cross announced rate hikes last March of up to 39 percent for individual policyholders, it made national news. The Obama Administration weighed in, and the state refused to approve the increase. After examining the company's accounting, California's insurance watchdog has approved a rate hike, though a smaller one.

LINDA WERTHEIMER, host:

A six-month battle in California over health insurance has come to an end. When health insurer Anthem Blue Cross announced rate hikes last March of up to 39 percent for individual policyholders, it made national news. The Obama administration weighed in, and the state refused to approve the increase. After examining the company's accounting to see what kind of increase was warranted, California's insurance watchdog yesterday approved a rate hike, though a smaller one. Now, nearly 800,000 Californians face a jump in their health-care premiums of just 14 percent, on average.

Copyright © 2010 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.