Anthem Blue Cross has again put a planned rate hike on hold.
The Los Angeles-based health insurance company said this week that policyholders will not see a rate change beginning May 1.
A spokeswoman for Anthem’s parent, Wellpoint Inc., Kristin Binns, told the Los Angeles Times that “Members will receive adequate notification of any rate change. Until they receive information indicating otherwise, rates remain unchanged.”
In January, Anthem notified many individual policyholders that their rates would rise as much as 39 percent March 1. After a public outcry, the company announced a two-month delay.
State law requires insurers to give policyholders at least 30 days’ notice before altering rates.
There’s no word from Anthem on how long the new delay will be.
Topics Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Experian Launches Insurance Marketplace App on ChatGPT 
