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Health insurers' rate hike proposals get California scrutiny

Los Angeles Times, June 16, 2010

California health insurance regulators have ordered independent reviews of rate hikes being sought by four of the state's largest insurers, a move that could lead to smaller increases for consumers. The action comes after an outside analysis found significant errors in a recent rate filing by Anthem Blue Cross, leading it to cancel increases of as much as 39% for hundreds of thousands of policyholders. The reviews will scrutinize rate increases proposed for many of the 2.5 million individual health policy holders who do not get benefits through employers or Medicare, the Los Angeles Times reports.