Anthem requests 10% rate increase
Anthem Blue Cross and Blue Shield has requested a nearly 10% rate increase for individual policyholder premiums.
The state's Bureau of Insurance will hold public comment sessions next month on the average 9.7% increase Anthem has requested for more than 11,000 individual policyholders, according to the Morning Sentinel. The increases would take effect in July and vary by plan. A formal public hearing will follow the comment sessions in April.
Over the past two years, Anthem has butted heads with the state's insurance superintendent over its proposed increases. In September, Mila Kofman granted the company a 14% increase, less than its requested 23% increase for its 2010 rates. In 2009, Kofman denied Anthem an 18.1% increase, instead granting a 10.9% hike. Anthem appealed that decision to the Maine Superior Court, which upheld Kofman's ruling. Another appeal to the Maine Supreme Judicial Court is pending, according to the Maine Public Broadcasting Network.
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