Anthem to raise some premiums up to 25 percent

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News,Business

LOS ANGELES (AP) — Thousands of Anthem Blue Cross individual customers could see their premiums jump as much as 25 percent unless California regulators step in.

The Los Angeles Times reports (http://lat.ms/1cCP6rs ) the increases — 16 percent on average — are slated to go into effect April 1 for up to 306,000 people whose policies were unchanged by Obamacare.

Consumer advocates and state officials warned that some policyholders could see significant rate hikes if they held onto grandfathered policies purchased before the Affordable Care Act was enacted in 2010.

The Times says the California Department of Insurance and the Department of Managed Health Care are awaiting additional information from Anthem before they decide whether to persuade the state's largest for-profit health insurer to back down.

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Information from: Los Angeles Times, http://www.latimes.com

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