When you sign up for an insurance policy, you’re given a price for that plan for the year. So when California consumers discovered changes to their Anthem Blue Cross policies in the middle of the year that came with extra out-of-pocket costs, two policyholders filed a class-action lawsuit against the insurance provider in 2011. Anthem Blue Cross has now agreed to a settlement that includes reimbursing about 50,000 customers in California almost $8.3 million.
Anthem Blue Cross Will Pay $8.3M To Customers To Settle Class-Action Suit Over Mid-Year Policy Changes
Anthem Blue Cross, the largest for-profit health insurance in California, will soon require that patients with some conditions can only get their prescriptions through a single mail-order pharmacy. However, some state officials think this could be against the law. [More]
Health insurance companies are allowed to charge different rates depending on where you live, but one would think that moving within the same region you’ve been in for more than a decade would not have a serious impact on your monthly rate. Try telling that to the woman in California who now faces an additional $1,272 in insurance premiums after moving 10 miles. [More]
Anthem Blue Cross, along with its parent company, perennial Worst Company In America contender WellPoint, is known for many things — trying to jack up rates on policyholders by upward of 30%, practicing rescission on breast cancer patients, and leaking customers’ credit card information online. Basically everything except for providing quality health insurance. You can soon add another item to Anthem’s long list of qualifications when it stops allowing credit card payments, except for those willing to pay a $15 convenience fee.
Last night, the selfless executives of California insurance behemoth Anthem Blue Cross (and parent company WellPoint) took time away from their usual Tuesday evenings volunteering at the soup kitchen to appear before those pesky members of the State’s government who just won’t stop harping about Anthem’s plans to raise rates on individual policy holders as much as 39%. Anthem’s answer: Let’s stop all this nonsense and just raise rates already!
As the United States continues to struggle to pull itself out of the current economic quagmire, it’s good to know that not all American companies are behaving like times are tough. Take Anthem Blue Cross of California, who announced this week that individual policy holders will see an average premium increase of 25% with some rate hikes set to reach 39%, prompting Congress and the White House to demand an immediate explanation.