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WellPoint to beef up rate reviews

Wall Street Journal, May 6, 2010

WellPoint Inc. Chief Executive Angela Braly is moving to respond to complaints about her company's health-insurance premium increases by adding new layers of oversight to pricing practices, the Wall Street Journal reports. In a memo sent to its 40,000 employees, Braly said the Indianapolis health insurer will implement third-party reviews of its 2010 rate filings and investigate why its actuaries did not find miscalculations uncovered last week by the California Department of Insurance.