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WellPoint CEO takes on critics of rate hikes

Wall Street Journal, March 3, 2010

WellPoint Inc. Chief Executive Angela Braly, facing criticism for the insurer's plans to raise rates as much as 39% in California, has chosen to fight back. Instead of issuing an apology, she is turning her critics' argument around, citing rising healthcare costs driven by doctors and hospitals, which she says aren't addressed by current health-overhaul bills, the Wall Street Journal reports. Today, Braly and other top health-insurance executives are expected to appear before the Obama administration's top health official to discuss healthcare premiums.