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Tuesday
Jun212011

Anthem Blue Cross Settles Class-Action Suit 

Comstock/Thinkstock(LOS ANGELES) -- California's largest for-profit health insurer has agreed to settle a lawsuit involving 120,000 policyholders.  Anthem Blue Cross agreed to terms requiring the company to cap rate increases for its customers.

Policyholders impacted by the suit will also now be able to change plans without review of their medical history, according to the Los Angeles Times.

Consumer watchdog groups alleged that Anthem Blue Cross forced existing customers to accept dramatic rate increases without alternative options, which is required according to California law.  They also accused the company of closing out certain plans to new customers.

Anthem Blue Cross Monday announced plans to reduce the July 1 rate increases by half to just three percent for almost 18,000 policyholders at small businesses, reports the Times.

Copyright 2011 ABC News Radio

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