Rate hikes withdrawn!

Great news to insurance holders of Anthem Blue Cross!

In February, I blogged about Anthem's request to raise their rates (to read, click here and here), but now, they have decided to withdraw their proposed rate hikes of up to 39%. According to Los Angeles Times reports, state regulators said the plan was "seriously flawed" with numerous errors in its rate filings. Anthem is still planning to propose new rate hikes in May, but they declined to comment when and how much. But it looks like for now, insurance holders have won!

To read the full report, click here.