Jessica Porter: March 2011 Archives
Anthem To Raise Premiums While Making Huge Profits
| Mar 4, 2011
Anthem Blue Cross spent $2 million lobbying the California legislature and another $1.6 million on campaign contributions between 2009 and 2010. It lobbied the Department of Managed Health Care, the Department of Insurance and the Governor's office regarding health insurance regulations.
In particular, Anthem spent a significant amount of time lobbying against SB1163, a piece of legislation that gave the state the power to review premium increases.
So what, you say? Anthem is planning to raise its premiums almost 15 percent for more than 150,000 of its members.
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